Profits up at Fisher Funds, dividend pot hits $85m

Victoria Young
Tue, 02 Aug 2022

Profits up at Fisher Funds, dividend pot hits $85m
Fisher Funds boss Bruce McLachlan. (Image: Fisher Funds)
Victoria Young
Tue, 02 Aug 2022
Fisher Funds Management almost doubled its profit and increased its dividend by 65% in a bumper year for the company.In the 12 months to March 31, 2022, net profit rose by 88.7% from $49.7 million to $93.9m, off an increase in fees to $199.4m from $125.9m.The lift in fees was driven by performance fees up 230% from $23.3m to $77.2m.Chief executive Bruce McLachlan told BusinessDesk the results reflected “some exceptional performance from the previous year which flowed in early.”“The second half was materially weaker,&...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Contact Energy kicks off earnings season
Staff reporters | Mon, 15 Aug 2022

Contact Energy kicked off earnings season today, telling shareholders its annual profit had dipped 2.6% from 2021, and a $300 million investment into a new geothermal power station is on the way.

Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.