Steadfast Reaffirms Fiscal 2017 Guidance at AGM; AUD 2.60 FVE Unchanged
Following a strong fiscal 2016 result announced in late August, Steadfast Group’s CEO Robert Kelly reaffirmed fiscal 2017 guidance at the annual general meeting in late October. Operating performance for first-quarter fiscal 2017 was in line with management expectations, with the insurance broker confirming guidance of underlying net profit after tax but before amortisation and significant items (cash profit) of between AUD 85 million and AUD 90 million, implying growth of 4%-10% on fiscal 2016....Steadfast Group is engaged in the provision of services to Steadfast Network Brokers, the distribution of insurance policies via insurance brokerages and underwriting agencies, and related services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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