The costs around acquisition of Pendal has destroyed the final result this year - next year should improve.
Statutory net profit after tax (NPAT) was $59 million, 42% lower than FY22, primarily reflecting transaction and integration costs related to the acquisition of Pendal Group (Pendal) which completed in January 2023.
Assets under management increased, revenues up, etc etc so that's all very positive - year ending 2024 should be a better result.
Ann: Dividend/Distribution - PPT, page-4
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