The Trust Company announces dividend and confirms guidance
The Trust Company has announced a fully franked 17 cents per share dividend and confirmed its financial guidance for the full year in its half-year results.
Although revenue was up slightly, overall earnings slipped largely due to salary increases and recruitment, the company said.
Trust Company chief executive John Atkin said that a focus on internal performance was starting to yield results.
“Our emphasis remains on managing for performance while positioning for growth,” he said.
“In June, we successfully relaunched our brand and new visual identity. We have also increased our market advocacy [and] strengthened our internal management.”
In April The Trust Company expected the 2011 financial year to return earnings before interest, tax, depreciation and amortisation (EBITDA) to be between $15.7 million and $18.7 million. The company expected a stronger second half due to increased corporate services revenue and confirmed this guidance notwithstanding a weaker market outlook.
Recommended for you
In this episode of Relative Return Insider, host Keith Ford and AMP chief economist Shane Oliver take a look at the unfolding impacts and potential economic ramifications of the US government shutdown and the surge in gold and bitcoin prices.
In the latest episode of Relative Return Insider, host Keith Ford and AMP chief economist, Dr Shane Oliver, discuss this week’s RBA interest rate decision, a potential government shutdown in the US, and a new property scheme aimed at first home buyers.
In the latest episode of Relative Return Insider, host Keith Ford and AMP chief economist Shane Oliver discuss the latest Australian CPI data and their impact on future interest rate decisions. If the RBA opts to cut rates again, how will this affect investor and consumer behaviour?
In our new ‘Ahead of the Curve’ series, in partnership with fund manager MFS Investment Management, Money Management will explore all things fixed income.
