ARA's Q1 earnings up 6%

ARA Asset Management's net profit for the first quarter ended March rose 6 per cent to $17.8 million on the back of revenue rising 18 per cent to $38.2 million from $32.2 million a year ago.

Notably, its acquisition, divestment, and performance fees surged from $953,000 a year ago to $2.6 million. This...

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