Aug 8 (Reuters) - Australian wealth manager AMP (AMP) reported a 5.4% rise in first-half profit on Thursday, as underlying strength in platforms business and resilient cost-savings helped offset the falling margins at banking operations.
The more than 170-year-old wealth manager reported underlying net profit after tax of A$118 million ($76.88 million) for the six months ended June 30, compared with A$112 million a year ago.
According to UBS, the Visible Alpha consensus estimate was A$103 million.
($1 = 1.5349 Australian dollars)
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