Dealer group, Australian Financial Services has turned in a solid profit result, reporting a 40 per cent increase for the year ended June 30, according to its chief executive and managing director, Peter Daly.
He said the solid result had been achieved at the same time as 11 new practices had joined the group since the start of the calendar year.
Daly said the result demonstrated the resilience of the group and the value of its investment in systems and structures over the past three years.
“Over the past three years we have invested significantly in systems and in a more robust and responsive support and service framework and architecture in order to meet and exceed the expectations of our national practice network,” he said.
Daly said the group would continue to pursue acquisition opportunities in the years ahead but that acquisition companies would need the right cultural fit.