ANZ Investments profit falls, dividend and costs paid to ANZ Bank rise in 2017

Sophie Boot
Mon, 18 Dec 2017

By Sophie Boot Dec. 11 (BusinessDesk) - ANZ New Zealand Investments saw profit fall but income rise in the latest financial year as it paid a bigger dividend and more in operating costs to its parent company. Funds management fee income rose 10 percent to $141.6 million in the year to Sept. 30. Operating expenses rose 19 percent to $87 million, and net profit dipped 2.6 percent to $40 million.  The biggest increase in operating expenses came from the expenses it paid back to its immediate parent ANZ Bank New Zealand. The company paid $...

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