Financial services company, Euroz Limited (ASX:EZL), has announced its unaudited results for the six months ending 31 December 2016. The company is expecting a net profit of up to $13.3 million during this period.
In the previous corresponding period Euroz reported a net loss of around $800,000.
The company’s profits were bolstered by stronger investment performance and funds under management (FUM) which grew by 20 per cent to $1.1 billion at the end of last year.
In addition, the company declared a first half dividend of 1.75 cents per share, fully franked.
Euroz posted a net profit of $2.6 million at 30 June 2016.