AMP New Zealand financial services posts 2.8% gain in underlying operating profit

Wed, 08 Feb 2017

By Rebecca Howard Feb. 9 (BusinessDesk) - AMP’s New Zealand financial services, the local unit of the Australian financial services firm, reported a higher underlying operating profit after tax although the parent reported a net loss. New Zealand financial services reported an underlying operating profit after tax of A$145 million for 2016 versus A$141 million in the prior year. Its operating earnings increased 5 percent to $126 million Australian dollars in 2016 from 2015 largely as a result of higher profit margins, partially offset...

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