AMP announces their half-yearly total revenue from ordinary activities to be A$1,528 million, a significant increase from A$1,346 million reported previously.

The company also reported a half-yearly total net profit attributable to A$261 million, less from A$469 million in the preceding term.

The underlying net profit after tax (NPAT) was reported at A$112 million, a slight decrease from A$117 million as reported last year.

The company declared an interim dividend of 2.5 Australian cents per share.

AMP Bank’s net interest margin has risen up by 7 basis points to stand at 1.39%.

As of 30 June 2023, the group’s surplus capital was recorded at A$988 million.

AMP Bank’s underlying NPAT has been reported at A$57 million.

The half-yearly total assets under management (AUM) stood at A$134.5 billion.

AMP is a financial services company in Australia that offers banking, life insurance, superannuation and business banking services.