AMP profit attributable to shareholders fell 14.9% in HY17

Company News

by Jessica Amir

AMP (ASX:AMP) has reported its profit attributable to shareholders fell 14.9 per cent in the first half of the 2017 financial year to $445 million (compared to the $523 million in the prior corresponding period).

The leading wealth manager’s total comprehensive income fell to $460 million for the half year ended 30 June 2017, down from $975 million.

AMP says its underlying investment income fell $11 million from the first half to $50 million, on the back of lower shareholder capital resources.

The company declared a 2017 interim dividend of 14.5 cents per share, franked at 90 per cent.

Shares in AMP (ASX:AMP) last traded 0.93 per cent higher to $5.41.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked as a financial planner and real estate agent.