Count Financial boosts FY11 profit guidance

Company News

Count Financial Ltd (ASX:COU) says it expects net profit and earnings per share to rise by around 20 per cent before significant items in the 2011 financial year.

Including significant items net profit and earnings per share are expected to advance 120 per cent, which accounts for the revaluation on Count’s holding in Countplus after it lists later this month.

The finance planning company has cautioned operation profit will be more subdued and is expected to be in the low single digits in the 2011 fiscal year.

Count Financial increased its net profit to $23.99 million in the 2010 financial year.

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