Shareholder Review (20/3/2018)
Profit $ 848m (up 1.2b)
Underlying Profit $ 1,040m (up 114%)
Capital held above regulatory requirements $ 2.3b
Sales of NZ Financial Services and Mature being considered (to be reported on prior to or at AGM)
I have not quoted all figures, however they all looked good to me. Sufficiently capitalised to cover fines.
How AMP has obtained their profits and increased their profits have been portrayed as immoral and illegal, but appear to be consistent with other major financial planners.
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- AMP Admits Lying to ASIC.
AMP Admits Lying to ASIC., page-33
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