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 presents the Market Outlook and company news. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as a journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.