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News: IFL Australia's IOOF posts 68% decline in annual profit

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    Aug 26 (Reuters) - Australian wealth manager IOOF Holdings Ltd (IFL) said on Monday that annual profit fell about 68%, hurt by remediation costs.

    Net profit came in at A$28.6 million ($19.32 million) for the year ended June 30, compared with a profit of A$88.3 million a year ago, the company said.

    IOOF declared a final dividend of 12 cents per share and a special dividend of 7 cents per share. ($1 = 1.4806 Australian dollars)

 
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