News

Milford records big increase in fee income

Sunday 28th of July 2019

The company, which manages more than $7.5 billion, has reported management fee income increased 20% from $61.14 million to $73.48 million in the year to March 2019.

However, net profit after tax fell from $8.02 million to $5.37 million primarily on the back of increased management services fees which increased from $42.78 million to $59.01 million.

These fees are paid to parent...

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