AMP Capital NZ lifts 2014 income, profit up on sale to parent

Thu, 25 Jun 2015

By Jonathan Underhill June 25 (BusinessDesk) - AMP Capital Investors (New Zealand), the local funds management arm of Australia's AMP, reported a 6.7 percent gain in net fee income in 2014, while the sale of a stake in a property management business to its parent generated a jump in profit. Net fee income rose to $38.3 million in calendar 2014, from $35.9 million in the previous year, the Wellington-based company's annual report shows. The gain came from an increase in total fee income of about 3 percent to $54.8 million, while management...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

PATTRICK SMELLIE: The first leaders’ debate changes nothing
Pattrick Smellie | Wed, 23 Sep 2020

Rarely in the last 40 years has a general election felt such a fait accompli as this one.

DAVID CHAPLIN: When term deposits go bad
David Chaplin | Wed, 23 Sep 2020

Both the government and many investors are taking it slow on decisions to improve retirement savings returns.

House of Travel: from record year to closing stores
Rebecca Stevenson | Wed, 23 Sep 2020

In 2019 House of Travel had turnover in excess of $2 billion. It's anything but business as usual now. 

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.