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BRIEF-AMP Ltd Sees FY20 Underlying Profit Broadly Flat On FY19, Adjusting For AMP Life Sale

Published 13/02/2020, 12:29 pm
© Reuters.  BRIEF-AMP Ltd Sees FY20 Underlying Profit Broadly Flat On FY19, Adjusting For AMP Life Sale
AMP
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Feb 13 (Reuters) - AMP Ltd AMP.AX :

* ADJUSTING FOR THE SALE OF AMP LIFE, FY20 UNDERLYING PROFIT EXPECTED TO BE BROADLY FLAT ON FY19

* AUSTRALIAN WEALTH MANAGEMENT OPERATING EARNINGS EXPECTED TO BE ABOUT 20% LOWER IN FY20

* AUSTRALIAN WEALTH MANAGEMENT MARGIN COMPRESSION EXPECT AVERAGE IRR TO AUM OF ABOUT 70 BPS IN FY 20

* FOR AUSTRALIAN WEALTH MANAGEMENT, NET CASH OUTFLOWS IN FY 19 EXPECTED TO PERSIST IN 2020

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