Fiducian announces half-year profit
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Fiducian Portfolio Services has reported a profit of more than $2 million for the previous half year, despite operating revenue falling 21 per cent.
The directors of the company declared a fully franked dividend of 3.75 cents per share.
“The results clearly demonstrate the robustness of our business model in the challenging environment. The Fiducian business pillars continue to develop quality product and service offerings, despite the increased market volatility,” said Fiducian managing director Indy Singh.
Fiducian’s investment service and superannuation service assets have dropped by 19 per cent to $964 million over six months.
Singh said the company would focus on developing its existing revenue streams through their product and service offering.
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