AMP 1H earnings creep ahead of forecast, appoints Craig Meller as CEO from next year

Wed, 14 Aug 2013

By Paul McBeth Aug. 15 (BusinessDesk) - AMP posted a 10 percent drop in first-half underlying earnings, beating its guidance in June when the dual-listed financial services firm warned its wealth protection business struggled in the second quarter. Separately AMP said Craig Meller will take the top job next year. Earnings fell to A$440 million in the six months ended June 30, from A$488 million a year earlier, the Sydney-based company said in a statement. That was just above the A$415 million to A$435 million range AMP forecast in June when...

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