DKN revises profit guidance


Phil Butterworth
DKN Financial Group Limited has downgraded its profit guidance for the current financial year.
The company has told the Australian Securities Exchange that recent market volatility has impacted funds under advice and that the overall group had experienced a net reduction in net profit after tax of 10 per cent, with the result that guidance for the six months to June, this year, had been revised down from $5.9 million to $5.3 million.
The company’s announcement said that DKN’s business had been significantly strengthened by the successful completion of the Lonsdale acquisition, which had resulted in the number of core practices accessing DKN’s service doubling from 150 to 300.
DKN chief executive Phil Butterworth said all other aspects of the business were growing.
Recommended for you
In this week’s special edition of Relative Return Insider, we bring you outgoing Financial Services Minister Stephen Jones’ keynote from Momentum Media’s Election 2025 event, followed by a Q&A focused on the Delivering Better Financial Outcomes reforms.
In this week’s episode of Relative Return Unplugged, Dr Vladimir Tyazhelnikov from the University of Sydney’s School of Economics joins the show to break down the shifting sands of global trade dynamics and attempt to understand the way US President Donald Trump is employing tariffs.
In this week’s special episode of Relative Return Unplugged, we present shadow treasurer Angus Taylor’s address at Momentum Media’s Election 2025 event, followed by a Q&A covering the Coalition’s plans for the financial services sector.
In this week’s episode of Relative Return Unplugged, AMP chief economist Shane Oliver joins the show to unravel the web of tariffs that US President Donald Trump launched on trading partners and take a look at the way global economies are likely to be impacted.