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Magellan Financial Group profit rises 14pc to $198.4m

Vesna PoljakSenior markets reporter
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Magellan Financial Group posted a 14 per cent rise in full-year net profit to $198.4 million on higher management and performance fees, boosted by faster growth in funds managed for retail clients.

Shares rose 4 per cent or 99¢ to $25.20 on Thursday.

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Senior markets reporter Email Vesna at vpoljak@afr.com.au
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    Original URL: https://www.afr.com/markets/magellan-financial-group-profit-rises-14pc-to-1984m-20160810-gqpkop