Unaudited Annual Results and Dividend Euroz Limited (Euroz) reports an expected unaudited net profit after tax (attributable to members) of approximately $31.3 million for the financial year ended 30 June 2018, representing a 61% uplift on the previous years $19.4 million result. The Directors have determined to pay a final fully franked dividend of 9.25 cents per share (cps) which combined with the interim dividend of 1.75 cps brings the full year dividend to 11 cps (previous year 7.25 cps). This is a 52% increase on the previous full year dividend. The group experienced broadly similar trading conditions to the previous year with improved performance fees being the driver for increased profitability and dividends. An improvement in the value of our various investments has seen our total cash and investments increase to $139.4 million (before final dividend payment). Group Funds Under Management (FUM) has increased by 21.3% to $1.46 billion from $1.2 billion last year and we will continue to focus on building these recurring revenue streams.
EZL Price at posting:
$1.35 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)