Equity Trustees warns on profit
Equity Trustees has issued a warning of a profit downgrade for the half-year ended December 31, 2009.
The company told the Australian Securities Exchange (ASX) today that it expected profit to be in the order of 20 per cent below the prior comparative figure.
It said although there had been a recent partial recovery in investment markets, asset values in the first quarter were well below the corresponding prior year.
However, it said on the assumption that investment markets continued at or around present levels, it was expected that the second half would outperform the first half.
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.
