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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.

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