The Directors of Countplus Limited (CUP) report a half year Consolidated Net Profit before Tax result of $8.73 million (down 9.1%) and a Net Profit after Tax result of $6.08 million (down 10.3%). This was primarily due to non-recurring financial planning loyalty payments ($1.6m after tax) paid in the prior year by Count Financial to group Member Firms who are Count franchisees. Excluding these payments, Consolidated Net Profit before Tax of $8.73 million was up 20.4% and Consolidated Net Profit after Tax was up 18.5%.
On the 24th February, the Company declared its third quarterly dividend for 2014/15 of 2 cents per share, fully franked, payable on 15 May 2015.
The group continues to benefit from its diversified portfolio of businesses, represented in every mainland capital city of Australia and in a number of regional centres. Countplus is an aggregation of 20 businesses and their subsidiaries across Australia; 17 accounting/business advisory firms, one financial planning specialist, a property broking group and a financial planning dealer group. The Company listed on the ASX on 22 December 2010.
Leave a Comment
You must be logged in to post a comment.