AMP Ltd's first half net profit 2011

Indonesia stock info AMP Ltd's first half net profit 2011 ; AMP Ltd's first half net profit is down 18 per cent as Australia's biggest superannuation provider warns market volatility and consumer caution is likely to continue for some time.

Net profit fell to $349 million for the six months to June 30 from $425 million a year earlier, Sydney-based AMP said in a statement today.

Underlying profit rose 18.8 per cent to $455 million, from $383 million a year earlier.

AMP completed its takeover of AXA Asia Pacific Holdings' Australian and New Zealand businesses in March, and AXA added $61 million to underlying profit.

Underlying profit increased three per cent on a like-for-like basis. The company announced an interim dividend of 15 cents, 30 per cent franked. AMP chief executive Craig Dunn said he expected market volatility to continue for the time being.

Related Post: