ASX-listed wealth management technology provider Hub24 flagged more challenging conditions ahead amid a market volatility-induced “reality check” after posting an improved net profit of $14.7 million for financial 2022.
The net profit figure reflected a 50 per cent rise on the previous financial year. On its preferred measure of underlying profit, Hub24 reported $35.9 million, up 133 per cent on the previous year.
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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
