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Sales meet expectations


Sales meet expectations

AMP (ASX:AMP) H1 2024 Results

Key financial results

  • Revenue: AU$829.0 million (42% less than H1 2023).

  • Net profit: AU$103.0 million (up 98% from H1 2023).

  • Profit margin: 12% (compared to 3.7% in H1 2023).

Profit and sales historyProfit and sales history

Profit and sales history

All figures shown in the graph above refer to the last 12 months (TTM)

AMP meets expectations

Sales were in line with analysts’ estimates.

An average decline in revenue of 16% per annum is expected over the next three years. A decline of 6.3% is forecast for the diversified financial industry in Australia.

Performance of Australian diversified financial industry.

The company’s shares rose 8.0% compared to the previous week.

Risk analysis

We don’t want to spoil the fun too much, but we also found 2 warning signs for AMP that you need to consider.

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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.

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