ClearView Wealth Ltd (ASX:CVW)
A$ 0.59 -0.005 (-0.84%) Market Cap: 383.72 Mil Enterprise Value: 416.63 Mil PE Ratio: 99.16 PB Ratio: 1.08 GF Score: 62/100

Full Year 2019 Clearview Wealth Ltd Earnings Call Transcript

Aug 28, 2019 / 11:30PM GMT
Release Date Price: A$0.59
Operator

Thank you for standing by, and welcome to the ClearView Wealth Limited FY '19 Results Conference Call. (Operator Instructions)

I would now like to hand the conference over to Mr. Simon Swanson, Managing Director. Thank you. Please go ahead.

Simon Swanson
ClearView Wealth Limited - MD & Director

Good morning, and welcome to our full year results conference call. Today, I'm joined by Athol Chiert, ClearView's Chief Financial Officer. ClearView lodged its full year '19 results with the ASX this morning, including an investor presentation which we'll take you through now. There'll be an opportunity to ask questions at the end.

On Slide 2, there are 3 sections to this presentation. I will take you through the first section before handing over to Athol to go through the results in detail. I'll then wrap up before inviting questions.

Turning to Slide 3. Today, ClearView reported an underlying net profit after tax of $25.1 million, down 22% on full year '18 and a reported net profit after tax of $4 million. This is a disappointing

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