7 May 2010

AMP Financial Services NZ announces $57m profit

7:34 am on 7 May 2010

Listed wealth manager AMP says earnings from its New Zealand business rose by nearly a quarter in the first three months of this year.

AMP Financial Services NZ made $57 million in the three months to the end of March, up from the $46 million it made in the same period last year.

The company says the closure of several investment funds improved cashflows significantly.