Advertisement

AMP posts flat profit on life insurance issues

Wealth management firm AMP has reported a slight fall in its full-year profit.

The company made $672 million in 2013, which is 2 per cent lower than its $689 million profit the previous year.

AMP says the result has been negatively affected by challenges in the life insurance sector.

The company will pay shareholders a final dividend of 11.5 cents, taking the full-year dividend to 23 cents per share.

More to come.

Stay informed, daily
A FREE subscription to The New Daily arrives every morning and evening.
The New Daily is a trusted source of national news and information and is provided free for all Australians. Read our editorial charter
Copyright © 2024 The New Daily.
All rights reserved.