AMP's profit dropped 43% to $150M in 2024, but underlying profit rose 15% to $236M.

Financial services firm AMP reported a 43% drop in statutory net profit to $150 million in 2024, due to business simplification and the sale of its advice division. However, underlying net profit increased by 15% to $236 million, and there was a significant improvement in superannuation and investment cash flows. AMP aims to focus on becoming a leading digital bank and retirement specialist.

6 weeks ago
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