ASX:AMPDiversified Financial
AMP (ASX:AMP) Shares Climb As China Profits Power Capital Returns
AMP stock comes into this result on a tear, up about 52% over three months and closing at A$2.31 on Thursday. The immediate buzz is about profit power. Underlying net profit after tax for the first half rose to A$174m, with China partnership earnings playing a much bigger role and group margins stepping higher.
Short term traders are reacting to the capital returns story, including a fresh A$150m buyback and A$0.03 interim dividend. Longer term investors are more likely to focus on whether...

