02/2017 AMP reports FY16 and announces on market buy back

 FY 16 net loss of A$344 million (FY 15 net profit: A$972 million) and underlying profit of A$486 million (FY 15: A$1,120 million) reflecting actions announced in October 2016 to stabilise Australian Wealth Protection.  Up to A$500 million to be returned to shareholders through on-market share buy-back to begin in Q1 2017. Final dividend maintained at 14 cents a share, franked to 90 per cent. FY