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...

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