Platinum Asset Management Limited (ASX: PTM) – Platinum declares preliminary results

Platinum Asset Management, a fund manager, released its preliminary final report for the year ended 30 June 2018, posting rise in revenue and profit of 5.9% and 1.7%, respectively.

The growth in revenue of 5.9% to $353.3 million, is driven by significant increase of 13.1% in Funds Under Management. Net profit attributable to members increased 1.7% to $189.2 million in FY18.

[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

During the year Platinum has reduced its fees and charges in Platinum Trust Funds and Platinum Global Fund, which has been offset by strong investment returns and new client inflow over the past 12 months. Further, the company has taken initiatives for business development in North America and Europe.

The board declared final dividend of 16 cents per share, fully franked, payable on 21 September 2018. This takes FY18 total dividend to 32 cents. Earnings per share was 32.36 cps in fiscal 2018.

PTM share price increased by 1.509% to $5.380 on 24 August 2018, before market close.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.



The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and