Australian Ethical recently announced its annual results for the year ending 30 June 2014.
Financial Highlights were (all comparisons are to the 12 months ending 30 June 2013):
- Record net profit after tax (NPAT) of $2.543 million (up 139%);
- Record underlying profit after tax (UPAT) of $3.111 million (up 86%);
- Record community grant of $0.302 million ($1.75 million in total since 2000);
- Record revenues of $19.9 million (up 21%);
- Full year ordinary dividend of $2.00 per share, fully franked;
- Operating expenses were $13.5 million (up 4%).
Operating highlights were:
- Record $887m in group funds under management (up 25%);
- Record net inflows of $92m (prior period experienced net inflow of $1m);
- Record client numbers with superannuation membership growing by 19%;
- Record monthly client intake averaging 400 per month (up from 160 per month);
- Granted MySuper product authorisation by APRA;
- Certified as a B Corporation;
- Launched Australia’s first retail ethical fixed interest fund.
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