Perpetual Limited
(ASX:PPT) says a simplification program for its corporate structure remains on track despite posting a significant decline in its full year net profit, which slid 57 per cent to $26.7 million.
The wealth manager says its result is a reflection of costs borne from its transformation initiatives as well as cost reduction efforts.
CEO Geoff Lloyd highlighted the transformation strategy’s strong progress, as well as its potential to simplify and refocus operations moving forward.
Perpetual will pay a fully franked final dividend of 40 cents per share.
