MFG 0.70% $9.89 magellan financial group limited

News: MFG Magellan Financial Group says FY net operating profit $196.2 mln

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    Aug 10 (Reuters) - Magellan Financial Group Ltd (MFG) :

    • FY net operating profit for the year down by 1 pct to $196.2 million
    • FY total revenue $338.3 million , up 1 percent
    • Final dividend of 47.2 cents per security
    • Expect group employee expenses to increase by approximately 5-8 pct in 2018 financial year
    • Expects group's marketing expense to increase materially in 2018 financial year to approximately $11.0- $11.5 million
 
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