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Perpetual profit crashes, advice revenue drops Perpetual profit crashes, advice revenue drops The listed wealth manager’s profit almost halved in the first six months of the 2021 year, with its advisory division recording lower earnings and revenue. A A Perpetual recorded a net profit after tax of $29.2 million for the first half of the year, close to half (43 per cent less) of the $51.6 million it produced in 1H20. The company had felt the effects of $2.5 billion in net outflows from its Australian asset management business, continuing on from $1.1 billion flowing out in the prior half.  Group earnings before interest, tax depreciation and amortisation (EBITDA) had also fallen by 46 per cent to $24 million for the first half.

Barrow hanleySarah simpkinsRob adamsAsset management internationalPerpetual asset management australiaPerpetual asset management internationalAsset management australiaPerpetual privatePerpetual corporate trustபரோ ஹான்லிசாரா சிம்ப்கின்ஸ்கொள்ளை ஆடம்ஸ்சொத்து மேலாண்மை சர்வதேசநிரந்தர சொத்து மேலாண்மை ஆஸ்திரேலியாநிரந்தர சொத்து மேலாண்மை சர்வதேசசொத்து மேலாண்மை ஆஸ்திரேலியா