News: Perpetual profit lift

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    Fund manager Perpetual Limited (ASX:PPT) has posted a nineteen per cent rise in interim net profit of $27.3 million.



    The result came despite a $6 million price tag for the first tranche of a three year restructure, under new Chief executive Geoff Lloyd.



    Looking ahead, Mr Lloyd noted a pickup in funds under management in both January, and February, but stopped short of predicting a sustained recovery in investor sentiment driven inflows.



    Investors will receive a fully-franked interim dividend of 50 cents per share.  
 
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