Perth-based securities dealer Euroz Ltd has announced an unaudited post tax profit of $16.8 million for the 2005-06 financial year, achieved through strong contributions from Euroz Securities Ltd, Westoz Funds Management Ltd and group investments.
This is up from last financial year's post tax profit of $9.2 million.
The directors have declared a fully franked final dividend of 20 cents per share, making it 24.5 cents fully franked for the full year.
The news comes after Euroz secured $45 million worth of shares in Home Building Society Ltd after the merger between Home and StateWest Credit Society Ltd late last month, and before that raised $88 million in a placement offer for shares in Westoz - $12 million fewer than the company had anticipated.
A statement from the company said that company directors were confident of continued profitability, but that this would depend on market sentiment and activity.
The full statement from Euroz is below:
UNAUDITED RESULTS FOR THE FULL YEAR The Directors of Euroz Limited (EZL) are pleased to announce the following unaudited figures for the full year ending 30 June 2006. Pre Tax Profit $24,105,669 Unrealised Pre Tax Profit on Investments $0 Pre Tax Profit $24,105,669 Net Profit after Tax $16,805,514 The directors have declared a fully franked final dividend of 20 cents per share (making it 24.5 cents fully franked for the full year). The date for which is yet to be announced. This result has been achieved through strong contributions from - All divisions of Euroz Securities Ltd - Westoz Funds Management Pty Ltd and - Group Investments The directors are confident of continued profitability, but the level of profitability will, as always, be dependent on market sentiment and activity.
