Perpetual Limited (AU:PPT) has released an update.
Perpetual Limited announced a 26% increase in its underlying profit after tax to A$206.1 million for the full year 2024, attributed to strong contributions from the Pendal Group and growth in Wealth Management and Corporate Trust sectors. Despite this, the company reported a statutory loss after tax of A$472.2 million due to significant impairments. A final dividend of A$0.53 per share was declared, and the company also completed a synergy program with Pendal and announced a simplification program to reduce annual costs.
For further insights into AU:PPT stock, check out TipRanks’ Stock Analysis page.