Pendal Group Released 1H FY2020 Results; Cash NPAT improved by 2%.

  • May 11, 2020 AEST
  • Team Kalkine

Pendal Group Limited (ASX:PDL) announced its 1H FY2020 results for the period ended 31 March 2020.

1H FY2020 Highlights:

  • Cash NPAT increased by 2% to $86.6 million as compared to the previous corresponding period.
  • Operating revenue remained flat at $243.3 million on pcp.
  • Operating expenditure increased by 2% to $143.1 million.
  • Average Fund Under Management was $98.9 billion, up 2% on pcp.
  • Closing FUM dropped 14% for the half year to $86 billion.
  • Cash EPS went up by 1% to 26.8 cents from 26.6 cps in pcp.
  • Interim Dividend dropped 25% to 15 cents.

At AEST 12:06 PM, PDL shares were trading at $6.23, up 8.348% from its previous close.

 


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