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Pendal Group Announces Full Year Profit for the 12 Months Ended 30 September 2021

05 Nov 2021  |  09:12:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2021 Profit Announcement- ASX Announcement

Pendal Group announced its results for the twelve months to 30 September 2021. Statutory Net Profit After Tax (Statutory NPAT) increased by 42% to $164.7m, compared to the pcp, reflecting growth in fee revenue on increased funds under management (FUM) and favourable mark-to-market movements on the Group's seed investments. Underlying Profit After Tax (UPAT) also increased during the year to $165.3m, up 25% compared to pcp. The Board declared a final dividend of 24 cps which brings the total dividend for Financial Year 2021 (FY 2021) to 41 cps, up 11% compared to FY 2020.

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