News: PPT Perpetual Cuts FY20 Cost Growth View To 1%-2%

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    July 16 (Reuters) - Perpetual Ltd (PPT) :

    • QTRLY PERPETUAL INVESTMENTS FUM OF $28.41 BILLION, UP 33%
    • REVISED COST GROWTH GUIDANCE DOWN FROM 2.5% - 3.5% TO 1% - 2% FOR FY20
    • ADDITIONAL COST SAVINGS IDENTIFIED TO TAKE EFFECT IN FY21
    • BOARD & EXEC TEAM AGREED TO A 10% REDUCTION IN FEES/BASE SALARY FOR A SIX-MONTH PERIOD
    • WILL ALSO BE NO CASH BONUS IN FY20 FOR GROUP EXECUTIVE TEAM
    • CHAIRMAN AND CEO HAVE AGREED TO A 20% REDUCTION IN FEES/BASE SALARY FOR SIX MONTHS
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$19.38
Change
-0.160(0.82%)
Mkt cap ! $2.222B
Open High Low Value Volume
$19.60 $19.78 $19.35 $4.324M 221.6K

Buyers (Bids)

No. Vol. Price($)
2 594 $19.30
 

Sellers (Offers)

Price($) Vol. No.
$19.42 461 3
View Market Depth
Last trade - 16.10pm 12/09/2025 (20 minute delay) ?
PPT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.