Banking, investments deliver in H1 for AMP

August 10, 2017

AMP's half-year net profit has fallen 15 per cent to $445 million.

Wealth manager AMP's first-half statutory profit has slipped 15 per cent to $445 million, on the back of volatile market movements.

But, underlying profit for the six months to June 30 was up four per cent on its previous first-half, at $533 million, driven by strong operating earnings while ordinary activities revenue grew 25 per cent to $7.6 billion.

AMP declared a partially franked interim dividend of 14.5 cents.

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