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.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.