re: on the move -the reason could be.... Reconfirms growth & profit forcast
OAMPS LIMITED 2003-05-07 ASX-SIGNAL-G
HOMEX - Melbourne
+++++++++++++++++++++++++
Following completion of the third quarter trading to 31 March 2003
OAMPS is pleased to reconfirm our confidence that the full year
result will be at least 45% above the prior year net profit result.
The operations of OAMPS continue to develop and produce sound
performances including:-
* Australian Broking:The full benefits of acquisitions over the past
three years is manifesting itself as OAMPS now has a significant
national branch network in place. Substantial investment in systems
has greatly improved efficiencies in monitoring production and
processes of this division.
* Australian International Insurance: has continued to benefit from a
hardening of the markets, particularly within certain specialist
niches in which Australian International operates.
* UK Broking: has continued to deliver strong organic growth and will
further benefit from recent acquisitions.
As indicated above we remain confident of achieving a full year
result, which will be at least 45% above the prior year net profit
result. The final quarter is however very important to the overall
result with a significant number of clients having policy renewal
dates during that 3 month period.
We will continue our policy of informing the market of any material
changes to the outlook for the Group as we pass through the final
important three months of this financial year.
T ROBINSON
Managing Director
OMP
oamps limited
