Magellan Financial Group reported a $3.8 million profit, swinging from a loss, for the year ended June 30. It did not declare a final dividend. The key funds management business generated revenue of about $9 million, up from $6.3 million. The group had funds under management of $1.3 billion.Vesna Poljak

Listed investment firm Century Australia posted an operating profit of $5.8 million for the year to June 30, down from $6 million a year earlier. The firm paid $1.62 million in fees to 452 Capital to manage its investments, up from $1.54 million the year before. Century said earlier this week that it had reached in-principle agreement to cut ties with 452 Capital after three key members of the fund manager resigned. George Liondis