Perpetual Limited (PVQ.F), a financial services company, reported a sharp increase in profit for the first half, mainly driven by lower expenses, and the absence of impairment losses recorded in the prior year period.
Net profit before tax rose to A$69.7 million from A$34.7 million a year earlier.
Expenses declined to A$607.2 million from A$634.3 million, while no impairment losses were recorded during the period, compared with A$25.5 million a year earlier.
Net profit after tax climbed to A$53.9 million or 46.5 cents per share from A$12 million or 10.6 cents per share in the previous year.
Excluding one-time items, underlying profit after tax was A$112.7 million, up from A$110.5 million last year.
Revenue edged up to A$704.1 million from A$693 million.
The company declared an interim dividend of A$0.59 per share payable on April 7.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.