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News: AMP Australia's AMP posts 53% rise in annual profit

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    Feb 10 (Reuters) - Australian wealth manager AMP Ltd (AMP) posted a 53% rise in annual profit on Thursday, helped by lower outflows at its flagship fund management arm as a government program that allowed people to tap into early release of their pensions ended.

    Underlying net profit after tax for the year ended Dec. 31 was A$356 million ($255.47 million) compared with A$233 million a year earlier.

    ($1 = 1.3935 Australian dollars)

 
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