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Dealer group Australian Financial Services Group (AFS) believes it has defied the general industry trend by reporting a 25 per cent increase in profit to $2 million for the six months ended December 31.
The group’s chief executive and managing director, Peter Daly, claimed that 2008 had been a record year for recruitment, with 24 practices adding 43 authorised representatives to the dealer group’s national network.
He also suggested that the group was positioned to record another “record breaking” profit for the current financial year.
