IOOF Holdings: Interim result 2016

This wealth management group's latest result wouldn't have been the same if it didn't buy SFG in 2014 – but it did.

Judging by the mauling IOOF shares have received, with their price down 20% since the start of the year, investors were expecting something nasty from its latest interim result. Well they didn’t get it. Instead, all we saw was the company getting on with what it does best, integrating acquisitions, consolidating platforms, cutting costs and, best of all, generating cash.

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