IOOF H1 profit drops 28%

Company News


IOOF Holdings Limited (ASX:IFL) net profit has slipped 28 per cent to $33.2 million in the six months to the end of December.

Managing Director Christopher Kelaher says IOOF delivered a solid underlying performance amidst a challenging financial and regulatory environment.

The financial services company delivered an underlying net profit of $50.9 million.

IOOF says should there be no further acquisitions or major global market fluctuations, it should as least mirror  its interim result in the second half.

The company has declared a fully franked interim dividend of 19.5 cents per share. 

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