SYDNEY Aug 28 Financial services group Perpetual Ltd on Thursday posted a 34 percent rise in annual net profit led by growth across all its divisions and cost savings.
Net profit for the year to June 30 came in at A$81.6 million ($76.17 million) compared with A$61 million a year ago. Underlying net profit, without one-off and significant items, rose 37 percent to A$104.1 million.
Perpetual, which has funds under management of A$30 billion, on Thursday said it has launched a new equities fund to meet increasing demand from clients for global shares. ($1 = 1.0714 Australian dollar) (Reporting by Swati Pandey; Editing by Stephen Coates)