Daily Archives: 17 February 2021

Netwealth posts 34.5% NPAT growth

Netwealth posts 34.5% NPAT growth

Netwealth has recorded a 34.5% net profit after tax growth to $27.6 million for 1H21 while funds under administration (FUA) reached $40.7 billion mid-February. At the end of 2020, Netwealth’s FUA saw a record half year increase of $7.

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ARB boosts profit by 113%

ARB reported 2020 second-half revenue was up 21.6 per cent and profit after tax hit $54m – a rise of 113.5 per cent on the same six months of 2019 – but said dividends would be reduced as it focuses on increasing investment for future growth.

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