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AMP $4.25

AMP-Profit Warning?

  1. greyhound

    128 Posts.

    23/07/02
    16:34:10
    40302
     
    AMP announced on 16 May that it anticipated profit growth of 10% a year after 2001.
    On 4 July it reconfirmed an earnings sensitivity of $45m to a 5% drop inthe FTSE and $60m to a 5% drop in ASX.
    Given that since 16/5 the FTSE has dropped 25.8%and the ASX has dropped9.2% this would correspond to a fall in earnings re FTSE of $232m and $110 re ASX.
    If the projected profit for 2002 was $690m(2001 anticipated profit)+10% i.e 759m shouldnt that be revised to something like $417m a45% drop.
    IF so aren,t they obliged to issue a profit warning?
    0
    Great analysis
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    AMP (ASX)
    Price at posting: 0.0¢
    Sentiment: None
    Disclosure: Held

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