News: Equity Trustees flags lift in 1H profit

.

Equity Trustees Limited (ASX:EQT) is expecting to generate a first half net profit after tax of $5.4 million, up more than 20 per cent on the same period a year ago.

 

Chairman Tony Killen says the result is strong and achieved through organic revenue growth.

 

Mr Killen says recurring revenue increased with a half-year operating margin of about 26 per cent.

 

Equity Trustees confirmed full year operating profit is likely to come in between 10 and 15 per cent above the previous year.

 

The result is subject to audit and will be released along with an interim dividend on February 27.