Perpetual FY profit soars

Group's earnings buoyed by transformation strategy, flags ongoing volatility.

Perpetual's (PPT) full-year profit has been boosted by the first year of realised costs under its Transformation 2015 strategy, but the group says there is a considerable amount of work to be done if it is realise its potential in the market.

In the year to June 30, Perpetual's net profit was $61 million, a 128% increase on the $26.7 million recorded in the previous year.

Underlying profit came in at $76.3 million, in line with analyst estimates.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles