WT Financial Group Limited (ASX:WTL) Announces H1 Indicative Results
Financial Performance
WT Financial Group Limited expects a 33.5% increase in revenue to $106.30M and a 35.8% rise in underlying net profit before tax to $2.45M for H1 FY25 compared to the prior corresponding period.
Dividend Declaration
The Board anticipates declaring a fully franked interim dividend of 0.20 cents per share, bringing total dividends in the past 12 months to 0.70 cents.
Executive Comments
CEO Keith Cullen stated, “The results are reflective of our disciplined approach to growth and integration. Successfully aligning all our networks under a unified framework has provided operational efficiency while enabling the practices we support to access an even broader range of services”. He added, “We’re committed to rewarding shareholders as our business grows. The expected interim dividend underscores our confidence in the future and delivers on our capital management objective of balancing reinvestment needs with attractive returns to investors”.
Outlook
Cullen further commented, “The outlook for the advice profession and the Company is very positive as growing demand for quality financial and personal risk insurance advice continues to see revenue and profitability increase. We are well placed to respond to increasing demand for M&A initiatives, which we expect will further improve the outlook and outcomes for practices, their clients, and our shareholders”.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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