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Australian wealth manager reports better profits and lower cost income ratio in 1H2012

Australian wealth manager, AMP has reported a net profit a A$383 million (US$401.5 million), for the first half of this year, to 30 June 2012, which is up by 11% compared with the same period last year. The cost to income ratio for the group for first half of 2012 was 46.2%, down from 50.6% at end of second half…

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