Australia's AMP logs 15% rise in annual profit

Reuters

2025/02/14

Feb 14 (Reuters) - Australia's AMP AMP.AX posted a 15% rise in yearly profit on Friday, owing to resilience across its businesses, except in its banking division, coupled with continued cost-cutting measures.

The money manager reported an underlying net profit after tax of A$236 million for the year ended December 31, compared to A$205 million a year ago.

That beat the Visible Alpha consensus estimate of A$229.9 million, according to UBS.

(Reporting by Sherin Sunny and Nikita Maria Jino in Bengaluru; Editing by Alan Barona)

((Nikita.Jino@thomsonreuters.com;Sherin.Sunny@thomsonreuters.com))

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