Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Challenger Announces Half Year Results for Period Ending 31 December 2018

12 Feb 2019  |  08:07:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 1H19 Market Release

Challenger announced results for the half year ending 31 December 2018. It reported that total assets under management were $78.4bn, up 2% on the pcp. Normalised net profit before tax was $270m, 2% lower than the pcp, and statutory net profit after tax was $6m. Normalised net profit after tax was down $8m or 4% to $200m reflecting a normalized tax rate of 26%. Normalised return on equity (ROE) was lower at 15.6% (pre-tax), impacted by lower normalized net profit before tax and higher capital levels held. The Company continues to be capitalised with $1.4bn in excess regulatory capital and cash above APRA's minimum requirement.

Please click here for full details

See more ASX300 News Announcements