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Challenger Financial Services (Challenger) today announced a normalised net profit after tax of $218 million for the financial year ending June 2008.
The group also reported statutory net profit after tax of $44 million reflecting negative (mark-to-market) investment experience and significant items.
The results were accompanied with news that Challenger chief executive officer Mike Tilley will stand down this month; Dominic Stevens, deputy managing director, will take his place.
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Published: 25-08-08
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