Hub24 rewarded for rosy growth outlook
Jonathan ShapiroSenior reporter
Key Points
- Full-year revenue ($m) 110.9, up 34pc
- NPAT (u) ($m) 15.0, up 53pc
- Net profit ($m) 9.8, up 19pc
- Final dividend (¢) 5.5 v 3.5
- Date dividend payable: October 15
Hub24 managing director Andrew Alcock says the fast-growing wealth management platform is hiring more staff, investing in technology and exploring options to deal with a protracted low interest-rate environment.
Shares in Hub24 jumped 6.7 per cent to $27.72 after the firm reported a 36 per cent lift in platform revenue for the full year, and a 53 per cent jump in underlying net profit to $15 million.
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