BT releases 1H17 results with record net inflows

Company News

by David Chau

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.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.