Item 1: This preliminary final report is for the reporting period to 30 June 2016 and the previous corresponding period is 30 June 2015, for Hunter Hall International Limited (the Company, HHL) and its controlled entities (the Consolidated Entity).
Item 2: Results for announcement to the market
Profit after tax, before unrealised movement in value of seeded funds attributable to HHL was $7.824m, up 86.8% on the $4.188m recorded in the previous comparable period. The Board considers this a key financial metric, and uses it as a guide to assessing the appropriate dividend to declare as it represents earnings excluding the consolidation of non-controlled interests in the Hunter Hall High Conviction Equities Trust (HCT) and unrealised fair value movements.
A detailed reconciliation of the Total profit after tax for the year from continuing and discontinued operations (Statutory profit) of $19.107m to Profit after tax, before unrealised movement in value of seeded funds attributable to HHL of $7.824m is provided below in section 2.4 and in more detail in Note 2 of the attached Hunter Hall International Limited 2016 Financial Statements.
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