2019 Earnings guidance
Australian Ethical Investment Limited (ASX:AEF) advises that Underlying Net Profit after Tax (UPAT) for the
6 months ending 31 December 2018 is expected to be between $3.0 and $3.4 million, a mid-point increase of
48% on the 6 months ended 31 December 2017 and 13% on the 6 months ended 30 June 2018.
FUM movement for the quarter to date
Funds under management (FUM) decreased 3% to $2.86 billion as at 31 October 2018, down from $2.96 billion
as at 30 September 2018. This decrease was primarily driven by negative market movements.
FUM and flows by product for the period 30 September to 31 October 2018 were:
Market & other*
Managed Funds 1.02 0.01 (0.05) 0.98
Superannuation 1.94 0.02 (0.08) 1.88
All products 2.96 0.03 (0.13) 2.86
* Includes changes in asset value due to market movements and net income.
Factors impacting the expected result in the second half of the financial year compared to the first half include:
i) Investment in upgrading our digital marketing and customer management platform;
ii) Additional resources in product, technology and marketing to support continued growth;
iii) The filling of a number of roles that have been vacant for the first half;
iv) The full half impact of fee reductions implemented in October 2018.
This earnings guidance is based on unaudited management accounts to 31 October 2018. More information
will be provided in the half year results that will be released in late February 2019.
courtesy of Bell Direct
( DYOR )
i do not hold AEF ( but have in the past )
i do NOT give financial advice to anybody , i post interesting articles found from various sources
AEF is an ASX listed company as issues it's own guidance through the ASX news release system
AEF was a victim of the change definition for ESG
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