Perpetual’s NPAT increased by 2 per cent

Company News

by Rachael Jones

Financial services company Perpetual (ASX:PPT) reported their net profit after tax (NPAT) has increased 2 per cent of $140.2 million on Financial Year 2017.

Revenue from ordinary activities excluding income from structured investments rose by 4 per cent to $531.3 million.

EBITDA is down 3 per cent to $121.8 million from last year’s $125.1 million.

Perpetual Investments are investment managers, offering a broad range of investment, superannuation and retirement savings products. The business manages investments across a range of asset classes, including Australian and global equities, fixed income and multi asset strategies.

Total dividends per share for the year $2.75.

Shares in Perpetual (ASX:PPT) closed 0.6 per cent lower to $44.46 yesterday.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.