
Insurance
Pre-tax change push to sell life policies helps AMP
Thursday 19th of August 2010
The company lifted its earnings from $29 million to $41 million on the back of strong new business sales, continued cost cutting and a one-off tax benefit from lower corporate tax rates.
AMP NZ managing director Jack Regan says one-off items helped achieve the 39% increase. On a more normalised basis the result is probably around 27-28% better than the previous period.
A key facto...
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