CANBERA (dpa-AFX) - AMP Ltd. (AMLTF.PK, AMP.AX) said full year net profit increased to A$884 million from A$672 million in the previous year.
Underlying profit was A$1.045 billion, while it totaled A$849 million for fiscal 2013, driven by double digit growth in operating earnings across all contemporary businesses.
Total operating earnings increased to A$990 million from A$789 million in the previous year.
Chief Executive Craig Meller said, 'In 2014 we made marked progress on our strategy to be an increasingly customer-driven organisation that is leaner and more efficient. The other element of AMP's strategy, to invest selectively in Asia and take our expertise into new markets, is starting to deliver good cashflows with strong long-term growth potential.'
The Board declared a 17 percent increase to the final dividend to 13.5 cents per share, compared with 11.5 cents per share for the final dividend in 2013.
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