SFG Australia Limited (SFGA or Group) today announced a strong 1H14 result with Operating EBITDA of $28.4m, up 25% on the prior corresponding period (pcp), and underlying NPAT of $19.2m, up 23% on pcp.
Growth is attributed to rising equity markets, improvement in margin and increased client activity along with contribution from acquisitions.
– Increase in funds under advice, administration, management and managed portfolios (FUMA): FUMA growth in 1H14 reflecting favourable market movements in the domestic and global equity markets and new client inflows. Group funds under advice experienced solid gains, up by 17% on 1H13. Managed Portfolios are approaching $1b up from $0.6b at 2H13.
– Dividend payment lifted: The Board has determined an interim dividend of 1.40 cents per share, reflecting a 17% increase on pcp. This represents a payout ratio of 54% of Underlying NPAT and is within SFGA’s target range of 50-70% of Underlying NPAT.
– Well positioned for future organic and acquisitive growth: Strong operating cash flow enables SFGA to proactively seek quality, strategic, value accretive partners consistent with its M&A strategy.
– Dividend payment lifted: The Board has determined an interim dividend of 1.40 cents per share, reflecting a 17% increase on pcp. This represents a payout ratio of 54% of Underlying NPAT and is within SFGA’s target range of 50-70% of Underlying NPAT.
– Well positioned for future organic and acquisitive growth: Strong operating cash flow enables SFGA to proactively seek quality, strategic, value accretive partners consistent with its M&A strategy.
Leave a Comment
You must be logged in to post a comment.