The Steadfast Group report NPAT up 19%

Company News

by Rachael Jones

The Steadfast Group (ASX:SDF) report underlying NPAT of $89.2 million, up 19 per cent on the prior corresponding period.

Underlying EBITA of $193.3 million, up 17.8 per cent and underlying revenue of $688.3 million, up 21.4 per cent.

They recently announced that they had entered into a Bid Implementation Agreement with IBNA, an insurance broker network, with 79 brokerages generating $1.25 billion of GWP in FY19.

Steadfast Group agreed to make a takeover offer for up to 100 per cent of the fully paid ordinary shares in IBNA.

Shares in Steadfast Group (ASX:SDF) are currently in a trading halt – They last traded at $3.56


Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.