Fiducian announces end of year results
Indy Singh
Fiducian Portfolio Services has foreshadowed expansion of its distribution network after being able to report a healthy profit for the 2007 financial year.
The non-aligned wealth management business yesterday announced an unaudited consolidated profit after income tax of $5.306 million, a 47.6 per cent improvement on last year’s results.
Fiducian managing director Indy Singh said the company’s focus for the next financial year would be to expand its revenue base by further utilising all segments of its business model as a provider, not only to its own distribution network but also to other external parties.
“It is our vision to assist other dealer groups and investors by selectively offering our proven platform administration, our user friendly financial planning software and some top performing funds, so that they may also benefit as we have,” he said.
“The management team is focused and working hard to deliver on these initiatives that should reward shareholders.”
The 2007 results will deliver shareholders a fully franked dividend of 6 cents per share to be paid during September.
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