
Why Did AMP Limited’s Profit Rise 114%?
AMP Limited (ASX:AMP) released its annual report to the ASX, revealing a 347% rise in profit.
99% of long-term investing is doing nothing; the other 1% changes your life
Morgan Housel

AMP Limited (ASX:AMP) released its annual report to the ASX, revealing a 347% rise in profit.

The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open higher Thursday.

The ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) index climbed 0.9% on Wednesday, despite a fall from Commonwealth Bank of Australia (ASX:CBA).

Shares of education business Ipd Education Ltd (ASX:IEL) bounced 16% following the release of its half year report.

Commonwealth Bank of Australia (ASX:CBA) shares went floppy on news that the bank’s profit was flat, year-over-year.

Carsales.Com Ltd (ASX:CAR) shares rose 1% this morning after the company announced strong profit results.

The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open higher on Wednesday, following the Dow Jones Industrial Average (INDEX:.DJI) upwards.

The ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) index slumped 3.2% on Tuesday, following Commonwealth Bank of Australia (ASX:CBA) and BHP Billiton Limited (ASX:BHP) shares lower.

Macquarie Group Ltd (ASX:MQG) shares fell 4.5% on Tuesday despite guiding for a 10% jump in full-year profit.
Want to level-up your analytical skills and investing insights but don’t know where to start? Join 50,000 Australian investors on our mailing list and we’ll send you our favourite podcasts, courses, resources and investment articles every Sunday morning. Grab a coffee and let Owen and the team bring you the best insights.
By downloading, you agree to receive emails from us. You can unsubscribe anytime.
Here you go: A $50,000 per year passive income special report
Join more 50,000 Australian investors who read our weekly investing newsletter and we’ll send you our passive income investing report right now.
Simply enter your email address and we’ll send it to you. No tricks. Unsubscribe anytime.
Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.