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Highlights
- NWL has achieved solid FUA net flows of AU$3.6 billion, up 41% from the previous year.
- Margin across all cash accounts from 25th March 2022 to be nearly 50 bps above RBA Rate.
- NWL anticipates FUA net inflows to exceed AU$13.5 billion in FY2022.
The shares of ASX listed superannuation products provider Netwealth Group Limited (ASX:NWL) have been grabbing the attention after the company announced its quarterly results.
Key Highlights from quarterly report:
Today, NWL shares were trading 1.77% higher at AU$16.72 at 1.16 pm AEDT.
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Bottomline
The company is pretty confident in the December quarter results; and expects to remain in a solid financial position this year with a stable EBITDA margin.