Equity Trustees upgrades profit forecast
Peter Williams
Equity Trustees has forecast a 66 per cent increase in net operating profit for the current financial year.
In an announcement released today, the board said it expected its operating profit before tax to be around $11 million — around 66 per cent higher than the previous financial year and a distinct lift over the company’s December 2006 projection of $9.5 million.
Equity Trustees managing director Peter Williams said the forecast result reflected strong performance across the company’s business units.
“This has been an exciting period for the company, with our Queensland office opening at the end of 2006 and the recent announcement of our intended acquisition of the Freedom of Choice master-trust and IDPS,” he said.
Williams said it was the company’s intention to continue to grow the business.
AUTHOR
Mike Taylor
Recommended for you
In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford take a final look at the lay of the land ahead of the federal election as the latest polls predict a Labor victory, and what that could mean for Australians going forward.
In this week’s special edition of Relative Return Insider, we bring you outgoing Financial Services Minister Stephen Jones’ keynote from Momentum Media’s Election 2025 event, followed by a Q&A focused on the Delivering Better Financial Outcomes reforms.
In this week’s episode of Relative Return Unplugged, Dr Vladimir Tyazhelnikov from the University of Sydney’s School of Economics joins the show to break down the shifting sands of global trade dynamics and attempt to understand the way US President Donald Trump is employing tariffs.
In this week’s special episode of Relative Return Unplugged, we present shadow treasurer Angus Taylor’s address at Momentum Media’s Election 2025 event, followed by a Q&A covering the Coalition’s plans for the financial services sector.
