BT releases 1H17 results with record net inflows

Company News

by David Chau

BT Investment Management Ltd (ASX:BTT) released its first half results this morning.

The company’s statutory NPAT rose 1% to $79 million during this period, compared to the prior year.

BT’s closing funds under management rose 9% to $91.2 billion, with record net inflows of $4.6 billion.

However, the company’s fee revenue dropped 13% to $243.4 million.

BT declared an interim dividend of 19 cents per security, up 6% from last year.

This morning, BT shares are tracking 2.69% lower at $12.64.

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