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 Price at posting:
0.0¢ Sentiment: None Disclosure: Held