Platinum interim profit drops 37pc as assets under management shrink
Jonathan ShapiroSenior reporter
Platinum Asset Management has reported a 37.4 per cent slide in interim profits to $37.6 million as declining funds under management slashed revenues from base and performance fees.
In an aftermarket update, Platinum said the $37.6 million net profit after tax for the half year ending December 31, 2022 compared to a $60 million profit in the half year to December 31, 2021.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles