Fund manager Perpetual Limited
(ASX:PPT) has posted a nineteen per cent rise in interim net profit of $27.3 million.
The result came despite a $6 million price tag for the first tranche of a three year restructure, under new Chief executive Geoff Lloyd.
Looking ahead, Mr Lloyd noted a pickup in funds under management in both January, and February, but stopped short of predicting a sustained recovery in investor sentiment driven inflows.
Investors will receive a fully-franked interim dividend of 50 cents per share.
