Hub24 shares tumbled 3 per cent on Tuesday after the ambitious wealth management technology company reported profit growth of just over 1 per cent in first half.
Net profit was $6.1 million for the first half of the 2021 financial year, up just 1.4 per cent on the year before. Shares in Hub24 fell to $22.81 by 2.30pm (AEDT) in Tuesday’s trade.
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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