Lambert Counts earning blessings
Barry Lambert
Count Financial is projecting an increase in earnings of “no less” than 17.5 per cent to $34 million for the full 2007-08 financial year based on the “current challenging market conditions”.
Executive chairman Barry Lambert said the dealer group is also projecting a half-year increase in earnings before interest and tax (EBIT) of 24 per cent to $15 million.
According to information presented to the Australian Stock Exchange this week funds in recommended platforms grew by 25 per cent to approximately $1.53 billion over the last 12 months compared to 18 per cent growth in the All Ordinaries Accumulation Index.
The company said platform², Count’s recommended low cost/ low margin BT platform for portfolios over $750,000, stood at $0.87 billion — a growth of 71 per cent over the last 12 months, with total funds in BT/Westpac administration platforms now totalling $5.18 billion, up 26 per cent while those with Skandia rose 18 per cent to $1.62 billion for the period.
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