Reuters logo
AMP profit falls 3 pct as restructure costs wipe out earnings gains
August 20, 2014 / 10:06 PM / in 3 years

AMP profit falls 3 pct as restructure costs wipe out earnings gains

SYDNEY, Aug 21 (Reuters) - Australia’s AMP Ltd reported a 3 percent fall in first-half net profit on Thursday as an increase in underlying profit was erased by restructuring costs.

Australia’s third-biggest retail funds manager reported underlying profit of A$510 million ($473.33 million) for the six months to June 30, compared with A$440 million the previous year.

Including one-off items such as restructuring costs, interim net profit fell to A$382 million from A$393 million.

1 US dollar = 1.0775 Australian dollar Reporting by Byron Kaye; Editing by Lisa Shumaker

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below