Last year Net profits was $454 M . There was one off expense of restructure of funds which we ignore and losses from Barrenjoey 41M. Barrenjoey is running at a profit too. So the EPS is $454m/185m. It should get around 2.40 range. That is why the PE is around 12.
FUM was 101B and for 2022 also at the same range.
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