Financial services company, Sequoia Financial Group (ASX:SEQ) has reported a 33 per cent rise in its net profit after tax to $635 thousand dollars for the half year ending December 2017.
Revenue increased by 27 per cent compared to the same time last year, hitting $21 million.
The company also reported a positive operating cash flow of $7.34 million.
The financial company reported the bolstered results after snapping up Interprac and Morrison Securities and they also completed a rollout of bourse software.
The company expects that second half revenues will further increase to at least $27 million.
Shares in Sequoia (ASX:SEQ) is trading 1.67 per cent lower to $0.29