AMP

AMP has announced an underlying annual net profit (the company has a calendar year end) of $909m, up 20%, due to the inclusion of nine months of profits from AXA (the figures also exclude $222m of costs related to the AXA acquisition). But underlying earnings per share fell 7% to 34.3 cents, as shares issued to help fund the AXA acquisition increased the total share count by a massive 37%.      AMP also announced a slight cut in the amount of profit it will pay out in future as dividends, from between 75% and 85% to between 70% and...

AMP has announced an underlying annual net profit (the company has a calendar year end) of $909m, up 20%, due to the inclusion of nine months of profits from AXA (the figures also exclude $222m of costs related to the AXA acquisition). But underlying earnings per share fell 7% to 34.3 cents, as shares issued to help fund the AXA acquisition increased the total share count by a massive 37%.     

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