Prime posts solid half
Publicly-listed financial services firm, Prime Financial, has reported a strong half-year result with net profit after tax rising 39% to $3.9 million.
The company, which late last year acquired SMSF administration business Intello Pty Ltd, said it had achieved 31% revenue growth over the period 24% of which was organic and 7% attributable to Intello.
The board declared an interim dividend of 0.70 cents per share, fully franked.
Prime’s managing director and chief executive, Simon Madder said the company remained on track to achieve $50 million in revenue by 2025 via a combination of organic growth, recruiting new revenue contributors, new service lines and via acquisition.
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