AMP warns 2018 net profit likely to be just A$30 million

Thu, 24 Jan 2019

By Jenny Ruth Jan. 25 (BusinessDesk) - AMP says it expects to report an underlying profit of about A$680 million for calendar 2018 but that net profit attributable to shareholders will be just A$30 million. That’s down from A$848 million in 2017. First-half net profit was A$115 million, down from A$445 million from the previous first-half. The results are still being finalised and will be subject to auditing. “Recognising the second-half 2018 performance of the business, the related capital impacts and uncertainties in the operating...

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