AMP Limited (ASX: AMP)

AMP Ltd is an Australia-based company, which provides banking, superannuation, retirement and financial advice services in Australia and New Zealand. Its businesses include AMPs Platforms, AMP Bank, AMPs Master Trust, AMP Advice, and AMP New Zealand Wealth Management.

AMPs Platforms business provides superannuation, retirement and investment solutions, enabling advisers and their clients to build a personalized investment portfolio on its flagship North platform. AMP Advice provides professional services to a network of aligned and independent financial advisers. AMP Bank provides customers with home loans, deposit and transaction accounts in Australia.

AMPs Master Trust provides personal and workplace superannuation products and investment services. AMP New Zealand Wealth Management provides customers with a variety of wealth management solutions including KiwiSaver, corporate superannuation, retail investments, a wrap investment management platform and general insurance.

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REVENUE IN AUD (TTM)

3.18bn

NET INCOME IN AUD

70.00m

Year on year AMP Ltd had net income fall -31.52% from 387.00m to 265.00m despite a 28.19% increase in revenues from 2.24bn to 2.87bn. An increase in the cost of goods sold as a percentage of sales from 57.19% to 65.28% was a component in the falling net income despite rising revenues.