Announces results in line with expectations:
Lots of material released today which always takes an age to trawl through with Challenger but quick headlines:
Assets under management up 29%
NPBT $396M down (margins compressed)
Dividend 20c/share
Been a good year on the revenue side, continuing to diversify with their bank acquisition and will soon be offering term deposits which seems an interesting place to put effort in this market. Japan going OK for them.
Also announced retirement March next year of CEO which seems both unexpected and earlier than one might have thought.
Disc: Hold in my SMSF