IRESS posts solid result

iress/

22 February 2017
| By Mike Taylor |
image
image
expand image

Financial services technology provider, IRESS has reported a seven per cent increase in statutory net profit to $59.5 million on the back of a solid eight per cent increase in operating revenue to $389.7 million.

The directors declared a final dividend of 28 cents per share, 60 per cent franked.

Commenting on the result, IRESS chief executive, Andrew Walsh said it reflected the company’s continued strategic and focused approach to service and growth.

He said the company was particularly pleased with strong performances in Australia, the UK and South Africa.

Walsh said the result positively reflected past investment.

“We are committed to ongoing investment and innovation to ensure the technology and product solutions we offer continue to lead the market in which we operate,” he said.

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS