Earnings release
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For personal use only 29 January 2021 EUROZ ABN 53 000 364 465 Unaudited first half result and interim dividend Euroz Limited ( " Euroz ” ) reports excellent profitability for the first half of the 2021 financial year and the successful completion of our landmark transaction with Hartleys Limited . Euroz Hartleys is now Western Australia's largest stockbroking and wealth management business . We are pleased to report excellent progress on this merger of equals and our ongoing cultural and brand alignment has been well received by our clients . This is the direct result of the significant efforts of our major asset – our staff , who have embraced this merger and worked extremely hard to ensure its success . On a headline basis , Euroz expects an unaudited net profit after tax ( attributable to members ) of approximately $ 25.1 million for the 6 months to 31 December 2020 , up 193 % versus the previous corresponding period . Our headline profitability comprises underlying " cash ” profits after tax of $ 10.9 million and " non- cash " after tax profits $ 14.2 million , mostly from the mark to market on investments . The Directors are pleased to announce a first half dividend of 2.5 cents per share fully franked , up 42 % on the previous corresponding period . Highlights - - - Strong equity capital market ( " ECM ” ) raisings and brokerage revenues driving underlying cashflow and profitability Euroz Hartleys integration progressing well and on schedule Six - month gross ECM raisings of $ 918 million Solid Merger and Acquisition / Advisory contribution Record group Funds Under Management ( " FUM ” ) of $ 3.15 billion Excellent first half performance from our significant investments in the Westoz Investment Company Limited ( " WIC " ) and Ozgrowth Limited ( " OZG " ) First half gross investment performance of 38.8 % for WIC and 45 % for OZG Euroz Executive Chairman , Andrew McKenzie commented : " We are very pleased with the performance of our Euroz Hartleys business . Euroz Hartleys is now the largest stockbroking firm in Western Australia researching 126 companies . Our 65 advisers provide very significant wholesale and retail distribution and allow us to execute a greater volume of ECM transactions . Our strong balance sheet with $ 148 million of cash and investments also now enables us to execute larger and more complex capital raisings " . Level 18 , Alluvion , 58 Mounts Bay Road , Perth WA 6000 Phone : ( 08 ) 9488 1400 Fax : ( 08 ) 9488 1477