Euroz first-half profit soars 80 per cent

Perth stockbroking and funds management company Euroz Ltd has posted a first-half net profit after tax of $14.5 million, a gain of 80 per cent on the previous corresponding period.

On the back of the bumper result Euroz has lifted its fully franked interim dividend from 5 cents per share to 7 cents per share.

In a statement to the Australian Securities Exchange last week the company said it was confident of continued profitability in the second half "but the level of profitability will, as always, be dependent on market sentiment and activity".

The group's pre-tax profit was $20.9 million, up 79 per cent on the previous corresponding period.