Full Year Results
30 June 2016
Phil Vernon | Managing Director
31 August 2016
ResultsHighlights
Strong Growth
Strong growth in Superannuation clients (24%)
Net flows (78%)
Funds under Management (33%)
Strong investment performance
Regular top quartile performance for a number of funds over many time periods
Australian Shares Fund ranked 1st in Mercer survey over 10 years
Improved fee competitiveness
Strong growth offsets continued fee reductions
Strategy to be at 75th percentile of MySuper peer group by
2020
Strong digital community,
highly engaged clients
Nearly 100,000 social media followers
Leading industry net promoter scores
Provision for remediation
Provision of $900k created for remediation flowing from unit pricing administration error
Increased dividend
Dividend growth of 50% for full year
Financial results
Key Financials (A$000s) | FY2016 | FY2015 | Change (YoY) |
Revenue | 23,039 | 21,171 | 8.8% |
Expenses | (20,029) | (19,201) | (4.3%) |
Net Profit After Tax | 3,010 | 1,970 | 53% |
Property impairment | 181 | 484 | 63% |
Provision for remediation | 900 | 0 | n/a |
Tax adjustment | (270) | 0 | n/a |
Underlying Profit After Tax | 3,821 | 2,454 | 67% |
Earnings per share1 | 282c | 190c | 48% |
Dividend | 300c | 200c | 50% |
Share price | $81.11 | $58.80 | 38% |
Total shareholder return (%) | 43% | 72% | - |
Return on equity (3 year average) (%) | 27% | 23% | - |
Earnings per share growth (3 yr average) (%) | 36% | 89% | - |
1 Diluted EPS
Australian Ethical Investment Limited published this content on 31 August 2016 and is solely responsible for the information contained herein.
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