Euroz expecting $13.3M half-year profit

Company News

by David Chau

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.
 

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.