Investment administration provider Managed Accounts Holdings Limited (ASX:MGP or the Company) is pleased to announce that the underlying earnings performance for the year to 30 June 2018, has exceeded full year earnings guidance on the back of continued growth and the integration of the company’s transformative merger with Linear Financial Holdings Pty Ltd (Linear) in November 2017.
Adjusted earnings before interest tax depreciation and amortisation (EDITDA) were $2.87 million for the year ended 30 June 2018, a 95 per cent increase on the year ended 30 June 2017.
The result comfortably exceeded management’s previously-stated guidance of adjusted EBITDA to the market.
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