Perpetual Limited (ASX: PPT)- Perpetual Limited declares decent results

Perpetual Limited

Perpetual Limited today announced 2% growth in statutory net profit after tax (NPAT) of $140.2 million for the year ended 30 June 2018. Operating revenue was $533.7 million, an improvement of 4% on prior year.

The company has observed strong growth in Perpetual Private and Perpetual Corporate Trust delivering profit growth (PBT) of 14% and 16%, respectively, underpinned by strong client base and favorable market conditions. But Perpetual investment had a challenging year recording 3% decline in profit before tax to $112.5 million in FY18.

The Board of Directors have declared fully-franked final dividend of 140 cents per share, payable on 8 October 2018. This brings full year 2018 dividend to $2.75 per share, up 4% on previous year.

Perpetual share price rebounded by 3.531% to $46.030 on 30 August 2018, post FY18 results announcement.

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