Euroz expecting $13.3M half-year profit

Company News

by David Chau

Financial services company, Euroz Limited (ASX:EZL), has announced its unaudited results for the six months ending 31 December 2016. The company is expecting a net profit of up to $13.3 million during this period.

In the previous corresponding period Euroz reported a net loss of around $800,000.

The company’s profits were bolstered by stronger investment performance and funds under management (FUM) which grew by 20 per cent to $1.1 billion at the end of last year.

In addition, the company declared a first half dividend of 1.75 cents per share, fully franked.

Euroz posted a net profit of $2.6 million at 30 June 2016.

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