AMP growth
An expanded presence in the public sector securities market helped AMP Morgan Grenfell, Ltd, the holding company for the Australian AMP Society’s money market and merchant banking operations, to lift its net profit for the year to June 30 by SAust26O,OOO to $1.73 million. The increase is a 14.9 per cent rise in group net profit before tax of $3.03 million dollars. Significant growth had occurred in the group’s activities with the issue of both public and private securities through its advisory, tendering, underwriting and placement services, the company said. The group’s turnover in securities averaged more than $5OO million a week and totalled nearly $3O billion in 1982-83.
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Press, 1 October 1983, Page 21
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111AMP growth Press, 1 October 1983, Page 21
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