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Pendal Group delivered solid 1H FY2022 results

May 10, 2022

Pendal Group Limited (ASX: PDL) has released its 1H FY2022 results for the period ended 31 March 2022. The Company delivered solid financial results with robust growth in underlying earnings per share, revenue, and underlying profit.

  • Underlying EPS was up 34% compared to the previous corresponding period (PCP)
  • Underlying PAT grew 59% and statutory by 8% on PCP.
  • PDL declared an interim dividend of AU 21 cents.
  • The positive shift in revenue mix supported stable base management fee margins of 48bps.
  • PDL’s cost management contributed to an improved operating margin of 42%, up 5% on PCP.

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