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HUB - Hub24 News Story

A$14.31 0.2  1.7%

Last Trade - 07/08/20

Sector
Financials
Size
Mid Cap
Market Cap £494.1m
Enterprise Value £485.8m
Revenue £56.6m
Position in Universe 268th / 1833

BRIEF-Hub24 Sees Net Inflows To Soften In June Quarter

Wed 22nd April, 2020 1:48am
April 22 (Reuters) - Hub24 Ltd  HUB.AX :
    * FUNDS UNDER ADMINISTRATION OF $15.1 BILLION AS AT 31 MARCH
2020,
UP 32% PCP
    * EXPECTS NET INFLOWS TO SOFTEN IN JUNE QUARTER
    * FUA MARKET MOVEMENT IMPACT EXPERIENCED TO DATE IS EXPECTED
TO
NEGATIVELY IMPACT ADMINISTRATION FEES & THEREFORE EARNINGS FOR
FY20
    * FY20 REVENUE WILL ALSO BE NEGATIVELY IMPACTED BY REDUCTION
IN
OFFICIAL CASH RATE BY RBA ANNOUNCED ON 17 MARCH

Source text for Eikon:  ID:nASXbmbhpN 
Further company coverage:  HUB.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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