The Trust Company announces dividend and confirms guidance
The Trust Company has announced a fully franked 17 cents per share dividend and confirmed its financial guidance for the full year in its half-year results.
Although revenue was up slightly, overall earnings slipped largely due to salary increases and recruitment, the company said.
Trust Company chief executive John Atkin said that a focus on internal performance was starting to yield results.
“Our emphasis remains on managing for performance while positioning for growth,” he said.
“In June, we successfully relaunched our brand and new visual identity. We have also increased our market advocacy [and] strengthened our internal management.”
In April The Trust Company expected the 2011 financial year to return earnings before interest, tax, depreciation and amortisation (EBITDA) to be between $15.7 million and $18.7 million. The company expected a stronger second half due to increased corporate services revenue and confirmed this guidance notwithstanding a weaker market outlook.
Recommended for you
In this episode of Relative Return Unplugged, hosts Maja Garaca Djurdjevic and Keith Ford are joined by special guest Shane Oliver, chief economist at AMP, to break down what’s happening with the Trump trade and the broader global economy, and what it means for Australia.
In this episode, hosts Maja Garaca Djurdjevic and Keith Ford take a look at what’s making news in the investment world, from President-elect Donald Trump’s cabinet nominations to Cbus fronting up to a Senate inquiry.
In this new episode of The Manager Mix, host Laura Dew speaks with Claire Smith, head of private assets sales at Schroders, to discuss semi-liquid global private equity.
In this episode of Relative Return, host Laura Dew speaks with Eric Braz, MFS portfolio manager on the global small and mid-cap fund, the MFS Global New Discovery Strategy, to discuss the power of small and mid-cap investing in today’s global markets.
