Count predicts 30 per cent rise in EPS
Accountancy-based financial planning dealer group Count Financial appears to have emerged from the global financial crisis in solid shape, using a quarterly business report to predict a 30 per cent increase in earnings per share and a 10 per cent increase in operating profit.
The quarterly report, lodged with the Australian Securities Exchange (ASX) this week, revealed that funds under advice on preferred platforms had risen by 21.64 per cent to stand at $6.69 billion over the past 12 months and had increased by 15.54 per cent over the last nine months.
The quarterly report also signalled that the listing of Countplus remained on schedule stating that the business remained on track to buy-out the balance of its investee equity from July/August and thereafter list at the end of this year.
The management comment attaching to the quarterly report did not specify any new acquisitions, but claimed that the company was “positioned to take advantage of opportunities as they arise”.
AUTHOR
Mike Taylor
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
