December Quarter Highlights
- Revised FY15 earnings guidance
- Funds Under Administration (“FUA’’) increase from $1.168 billion to $1.310 billion for the December quarter
- Another quarter of record strong quarterly flows with net inflows of $107 million for quarter ended 31 December 2014
- MGP Board declares December quarterly dividend payment of $0.002 per share payable in February 2015
- Further depth added to the management team with recruitment of Head of Product
- Continued growth in new Services and new business pipeline.
Revised FY15 Earnings Guidance
The Board has reviewed its full year earnings forecasts. With MGP’s transactional revenue streams largely correlated to the equities market and equities markets likely to remain volatile in the second half, the Board anticipates that transactional revenues will be lower than prospectus forecasts. A continuance of current market conditions will likely result in Net Profit Before Tax (NPBT) being approximately $200,000 below prospectus forecast NPBT for the 2015 financial year. 2015 NPBT is now expected to be $800,000 - 900,000, assuming that implementation fees from the eleven potential new Services are earned for the year.
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