Pinnacle Investment Management Group Limited (AU:PNI) has released an update.
Pinnacle Investment Management Group Limited reports a successful financial year for FY24, with a net profit after tax increase of 18% to $90.4 million, a significant rise in earnings per share, and increased dividends for shareholders. The company’s affiliates also saw robust growth, with funds under management rising by 20% to $110.1 billion, and 85% of Affiliate strategies outperforming their benchmarks over five years. Despite global market challenges, Pinnacle’s strategic diversification and investment in distribution and infrastructure paid off, positioning the company well for sustained relevance and client engagement.
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