AMP profits slip

Company News

AMP Limited (ASX:AMP) has posted net profit of $329 million for the six months to June, an 18 per cent drop compared with the year before.

The company merged with the Australian and New Zealand operations of AXA Asia Pacific Holdings Limited in March.

Chief executive Craig Dunn said he expects market volatility to continue for the time being, and that super remains a good long-term investment for consumers.

The company will pay an interim dividend of 15 cents, 30 per cent franked.

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