AMP Ltd (OTCPK:AMLTF)

$ 0.93935 0 (0%) Market Cap: 2.57 Bil Enterprise Value: 19.79 Bil PE Ratio: 41.08 PB Ratio: 1.06 GF Score: 31/100

Half Year 2023 AMP Ltd Earnings Call Transcript

Aug 10, 2023 / 01:00AM GMT

Release Date Price: $0.6885

Transcript

Alexis Ann George

AMP Limited - CEO, MD & Executive Director

Good morning, everyone, and welcome to AMP's Half Year Results today. Very pleased to have Blair Vernon with me here today. He's our new CFO as you're aware, but someone who has worked with AMP for many years and is very passionate about making sure we build a future for the company. Before we start today's presentation, I would like to acknowledge the traditional owners of the land on which we hold this meeting today, which for us is the Gadigal people of the Eora Nation, and I'd like to pay my respects to the elders past and present in this important time for First Nations people. So today, we are of course going to do an overview of the first half results. We will then deep dive into the individual business units with a particular focus on costs and capital, which I know is something you're all going to be wanting to hear about, before we summarize the results and turn to questions.

So if I look at our results for the half year. We delivered an underlying NPAT of $112 million, which is flat with the same time last year, but up

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