$4.4m NPT versus $3.75 guidance, but not very meaningful given the normalisations
What is meaningful however, is how profitable the FM business is fast becoming (without any performance fees being generated)...."Following the performance of FY14, the funds management division continues to increase FUM, which in late August 2014 was $610 million, up 5% from 30 June 2014."
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$4.4m NPT versus $3.75 guidance, but not very meaningful given...
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