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SHARES IN AMP LTD JUMP 6 PCT ON 2003 NET PROFIT UPGRADE.

Publication: AsiaPulse News
Publication Date: 23-FEB-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SYDNEY, Feb 23 Asia Pulse - Shares in financial services and insurance group AMP Ltd jumped more than six per cent today after it upgraded its forecasts for 2003 net profit.

AMP said it was expecting its 2003 underlying business results to be considerably higher than that forecast in its explanatory memorandum for its demerger.

The group demerged its United Kingdom operations from its Australasian operations in December last year.

Net profit after tax, before goodwill amortisation and other items, was now likely to be in the range of $600 million to million, AMP...

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