Count outlook improves

3 July 2009
| By Mike Taylor |

Accountancy-based financial planning dealer group Count Financial has upgraded its profit outlook for 2008-09, suggesting net profit before tax will fall less than 15 per cent.

The company said the change was due to the improved performance of the company’s investment portfolio. Count was able to confirm its previous guidance on operating profit, which excluded the investment returns, would be down by around 30 per cent on the previous financial year.

It said it could also confirm that the full-year dividend would not be less than 7 cents.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

2 weeks 5 days ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 1 day ago