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AMP Limited Prepares for FY 24 Results with Strategic Business Shift

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AMP Limited Prepares for FY 24 Results with Strategic Business Shift

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The latest announcement is out from AMP Limited ( (AU:AMP) ).

AMP Limited has announced its FY 24 Results will be released on 14 February 2025. The company has updated its reporting template following the sale of its AMP Advice business, which will now be categorized as discontinued operations. The remaining 30% stake in a joint venture with Entireti and some retained items will be reported under the Group business unit, with any stranded costs from this transaction to be absorbed by the Business Simplification program. This move marks a significant shift in AMP’s operational focus as it streamlines its business structure.

More about AMP Limited

AMP Limited operates in the financial services industry, offering wealth management, banking, and investment services. The company focuses on providing financial advice, superannuation, retirement income, and investment management services, primarily within Australia and New Zealand.

YTD Price Performance: 12.24%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.78B

Learn more about AMP stock on TipRanks’ Stock Analysis page.

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