Financial advice network operator, WT Financial Group Limited (“WTL”, “the Company” or “the Group”) today lodged its Appendix 4D and Interim Report (audit reviewed) for the half-year to 31 December 2023, and is pleased to report that the Group’s consolidated EBITDA profit was 8% up on the prior corresponding period (PCP) to $3.11M (H1FY2023 $2.88M), while net profit before tax increased 7% to $2.26M (H1FY2023 $2.11M).
Statutory income tax expense was $68K, in contrast to the PCP when the Company recorded an income tax benefit of $171K, resulting in consolidated profit after tax of $2.19M (H1FY2023: $2.28M). The result is in line with the Company’s expectations and market guidance provided by the Company.
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