Business

Perpetual tips first-half profit of $41m

February 15, 2011

Wealth manager Perpetual forecast first-half underlying net profit of $41 million, the company said Tuesday.

It flagged a impairment charge of $10.6 million and forecast net profit of $35 million for the period, slightly above the company's earlier guidance.

Perptual called off talks in December with private equity firm Kohlberg Kravis Roberts & Co over a $1.7 billion takeover.

Reuters