Improved profit outlook for Advanced

Advanced Share Registry has announced its expecting a pre-tax profit for this financial year of $2.2 million, an increase of 75 per cent..

In a statement the company said the profit prediction was up $945,000 for the same time last year.

Advanced Share Registry said the profit had been achieved on higher sales revenue which has been attained due to the increased trading activity on the Australian Securities Exchange and the migration of new clients to Advanced Share Registry Limited to utilise the Company's updated and cost effective services

The statement said "The Directors and management have also been very conscious
of prudent cost controls in the current economic climate and this is also reflected in the profit result."

It said "The Company continues to focus on a value proposition for its client base by improving its service and service offerings to a wide range of clients."

Advanced Share Registry said if the profit is confirmed by end of financial year statements it will recommend shareholders receive a fully franked dividend of 1.8 cents per ordinary share.