Count Financial predicts record 1H FY10
November 10, 2009
Count Financial Limited (COU) said it expected to post a first half profit around 150% higher than the previous corresponding period, a record result for the company. The company reported a net profit to 31 December 2008 of $5.84 million, down 46% from the previous corresponding period.
Count Financial said ‘CountPlus’, the 2006 acquired professional services firm whose goal is take stakes in accounting and financial planning companies, was performing strongly, with 13 businesses partly acquired.
The budgeted 2010 profits, before non-cash amortisation expense of Acquired Client Relations of the 13 businesses, is 35% above “purchased” net profit.
”Most businesses for the three months to September are performing well in excess of 2010 YTD budget,” the company said.
At 1124 AEDT, Count Financial shares were trading up 3.5c to $1.295.
Count Financial said ‘CountPlus’, the 2006 acquired professional services firm whose goal is take stakes in accounting and financial planning companies, was performing strongly, with 13 businesses partly acquired.
The budgeted 2010 profits, before non-cash amortisation expense of Acquired Client Relations of the 13 businesses, is 35% above “purchased” net profit.
”Most businesses for the three months to September are performing well in excess of 2010 YTD budget,” the company said.
At 1124 AEDT, Count Financial shares were trading up 3.5c to $1.295.
Leave a Reply