Steadfast’s Strong Fiscal 2016 Profit Reinforces Positive Outlook. FVE up 5% to AUD 2.10
Steadfast Group's fiscal 2016 cash profit increased 45% to AUD 82.0 million, with underlying cash EPS up 12% to AUD 11 cents as major acquisitions made in 2015 underpin profit growth. Cash profit was broadly in line with our AUD 83.5 million forecast and consensus and also within guidance range. The underlying reported profit of AUD 60.4 million increased 44% on a year ago and includes AUD 21.6 million in amortisation costs for acquired goodwill. The AUD 3.6 cents per share final fully franked d...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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