Count profit soars
Just a day after announcing the appointment of a new chief executive, Count Financial has reported a strong upturn in profit for the six months to the end of December — although that revenue continues to be down on the previous corresponding period.
The company announced to the Australian Securities Exchange (ASX) today that net profit after tax for the six months ended 31 December was up 136 per cent to $13.76 million.
The company said its 2009 results had been affected by the global financial crisis (which had induced weak investment markets) but that this had now passed.
While Count’s chairman Barry Lambert said that the result was in line with early forecasts and that it was in great shape to take advantage of opportunities as they arise, he did not make reference to the company’s recent acquisition of a 5 per cent stake in rival dealer group DKN.
AUTHOR
Mike Taylor
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