Insane it fell on this report
The key highlights of the results are as follows:
- Total revenue and other income increased 138% to $83.45M (H1FY2022: $34.97M)
- Direct costs of revenue increased 147% to $74.88M (H1FY2022 $30.41M) in line with expectations and reflective of increased revenue contribution from non-salaried advisers following the Synchron acquisition
- Operating expenses were contained to a 91% increase to $5.68M (H1FY2022: $2.88M) reflective of the success of the Group’s integration program
- The Group’s consolidated EBITDA profit was up 72% to $2.88M (H1FY2022 $1.67M)
- Inclusive of $64K of financing charges associated with premises leases, finance costs were up 65% on the PCP to $313K
- Depreciation and amortisation were up by 82% on the PCP to $458K (H1FY2022 $252K).
- Statutory income tax benefits were $171K (H1FY2022: expense $106K) resulting in a consolidated profit after tax of $2.29M, up 104% on the PCP (H1FY2022: $1.12M)
