Over Fifty Group changes name to Centuria Capital
Financial services provider for the over 50s community, Over Fifty Group, will have its name changed to Centuria Capital.
The group, established in 1980, has already had several name changes. It began as The Over 50s Friendly Society, followed by Over 50s Mutual Friendly Society, then OFM Investment Group and more recently Over Fifty Group.
The latest initiative followed a brand review of the group’s products and services, and was supported by the group’s shareholders at the annual general meeting (AGM) held last week.
In its Australian Securities Exchange announcement, the company stated the brand change would “unite nearly all of Centuria’s financial products under the one brand”.
Centuria reported $6.32 million in net profit after tax for the 2010 financial year and an almost 30 per cent rise in underlying pre-tax earnings. The group said it remained confident about the outlook for the financial year 2011.
Centuria chairman Roger Dobson indicated at the AGM that “in the absence of unforseen circumstances, the outlook for full-year performance is for an underlying profit after tax of $7.3 million”.
AUTHOR
Milana Pokrajac
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