ASX:PPTCapital Markets
Perpetual (ASX:PPT) Shares Ride Cost Discipline As Outflows Persist
Perpetual walked into this result with the stock up roughly 27% over three months and priced on a rich trailing P/E of 38.8x. That is not a setup that forgives disappointment. Yet the headline was quietly solid. Underlying profit after tax reached A$217m and diluted underlying EPS came in at A$1.86. The board lifted the full year dividend by 6% with a final A$0.63 per share payout, even as revenue stayed broadly flat.
The real story for Perpetual today is margin resilience and cost...