Fiducian posts solid result
Publicly-listed financial services house, Fiducian Group Limited, has reported a strong full year result.
The company announced this week it had lifted its underlying net profit after tax by 22 per cent to $7 million on the back of solid inflows.
Chief financial officer, Rahul Guha, said funds under advice, management and administration increased 16 per cent to $4.7 billion while net revenue grew 27 per cent to $26 million.
The board declared a fully franked final dividend of seven cents per share.
Commenting on the result, Fiducian Group managing director, Indy Singh, said that while expenditure controls and profits remained a priority, the company would remain acquisitive.
"The Board intends to build scale and maintain its acquisition and distribution growth strategy to deliver consistent double-digit earnings growth in coming years," he said.
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