The market could be forgiven for struggling to make sense of AMP’s (ASX:AMP) interim result today which include corporate largesse in the face of an underwhelming six-month performance.
In one breath the reincarnated 'grand-old-dame' of the ASX posted a -24.5% fall for the six months to 30 June(on the previous year) in underlying after tax profit of $117m, while in the next breath announcing a massive future capital return to shareholders.
While statutory net profit was $481m,(up 230% from $155m last year), the lion’s share of the windfall came from the sale of the company’s infrastructure debt platform, with $382m coming from“ discontinued” operations and only $99m from “continuing” businesses.
With AMP's consensus underlying earnings missing estimates, AMP’s board chose for the fourth consecutive year not to declare an interim dividend.
Getting punished ..., page-28
Add AMP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.11 |
Change
0.015(1.38%) |
Mkt cap ! $2.981B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.12 | $1.10 | $8.461M | 7.645M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40953 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 118049 | 6 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.11 |
Change
0.015 ( 1.32 %) |
||||
| Open | High | Low | Volume | ||
| $1.10 | $1.12 | $1.10 | 1306268 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| AMP (ASX) Chart |