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.