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Update: AMP Boosts Expectations for First-Half Underlying Net Profit After Tax

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(Updates to add stock movement in the last paragraph)

AMP (ASX:AMP) expects first-half 2026 underlying net profit after tax of AU$170 million to AU$180 million, according to a Thursday filing with the Australian bourse.

The company said the increase to the expected result is driven by stronger contributions from its China partnerships, favorable investment income impacts due to recent interest rate hikes, and the recognition of about AU$13 million of carried interest in relation to the partial sale of certain assets within a legacy fund.

DigitalBridge sold a 51% interest in the remaining assets within the legacy fund and chose to pay a portion of the associated carried interest to AMP. The company said it could realize additional carried interest from the sale of the remaining 49% stake.

The company's shares rose past 2% in recent Thursday trade.

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