More strong growth from Netwealth this half. Record underlying EBITDA although Mr Market wasn't happy not all of this reached the bottom line. This is due to an increase in employment of staff which is usually an indicator that management has confidence in future growth.
1H2022 Highlights
• Funds Under Administration of $56.7 Billion representing 46% growth to PCP1
• Total Income of $84.7 million an increase of 17.1% to PCP
• Record Underlying EBITDA (excluding Share Based Payments) of $43.8 million at margin of 51.7%
• Operating Cash Flow2 of $45.7 million
• Increase in dividend to 10 cents per share
• Rated Number 1 Platform³ overall for 2021 reflecting increased investment in technology
1H FY 2022 RESULTS
1H2022 Highlights
• Funds Under Administration of $56.7 Billion representing 46% growth to PCP1
• Total Income of $84.7 million an increase of 17.1% to PCP
• Record Underlying EBITDA (excluding Share Based Payments) of $43.8 million at margin of 51.7%
• Operating Cash Flow2 of $45.7 million
• Increase in dividend to 10 cents per share
• Rated Number 1 Platform³ overall for 2021 reflecting increased investment in technology
1H FY 2022 RESULTS
