Australian Ethical issues upgraded profit forecast
Australian Ethical has upgraded its profit forecast, posting that its underlying profit after tax (UPAT) for the 12 months ending 30 June will be between $6.4 and $6.6 million, representing a mid-point increase of 30 per cent on the 12 months ended 30 June, 2018.
Without the performance fee the range would be between $5.95 and $6.15 million, a midpoint increase over the previous 12 months of 21 per cent, the firm said. This would be at the upper end of the range advised on 17 April.
Australian Ethical said that this earnings guidance was based on unaudited management accounts and was subject to finalisation of the audited statutory accounts and included an after tax performance fee of $0.45 million paid to Australian Ethical in its capacity as the responsible entity of the Australian Ethical Emerging Companies Fund.
AUTHOR
Oksana Patron
Recommended for you
In its first FY26 action, ASIC has cancelled the AFSLs of two Sydney advice firms over their failures to pay industry funding levies.
The Federal Court has made interim travel restraint orders against two Falcon Capital directors, while also freezing one director’s assets.
For the 2025 financial year, all but one listed advice licensee has reported double-digit share price growth – but which licensee has seen the best performance and what activities have they enacted during the period?
Evidentia Group has confirmed its new executive leadership structure, having been formed from the merger between Evidentia and Lonsec Investment Solutions, to shape the future of managed accounts.
