IOOF Holdings: Result 2012

Acquisitions helped IOOF’s 2012 result, while markets hindered it. But regulatory changes still loom as a threat to margins.

Weak financial markets again took a toll on IOOF’s results for the year ended 30 June 2012. Revenue fell 3% to $625m, while statutory profit fell 81% to $19m. Most of this decline resulted from a $63m non-cash charge that was incurred due to a change in tax rules.

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