Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Markets
07 July 2025 by Maja Garaca Djurdjevic

Markets shrug as Trump trade threats enter new holding pattern

US President Donald Trump’s decision to delay new tariffs has only prolonged the uncertainty weighing on global sharemarkets, according to AMP chief ...
icon

Alternatives gain ground as investors rethink the traditional portfolio playbook

Australian investors are increasingly integrating hedge funds and liquid alternatives into their portfolios, as ...

icon

CIO sees ‘mid-teen’ returns as tailwinds build for Aussie stocks

The Australian sharemarket is continuing its upward march, shrugging off global uncertainty and soft economic signals

icon

Bitcoin leads global assets in FY24–25 as institutional legitimacy grows

Bitcoin has delivered the strongest return among major asset classes in FY2024–25, outperforming commodities and equity ...

icon

CFO confidence lifts for economy, but not for their own businesses

Australia’s finance chiefs are growing more confident that the worst of the economic slowdown is behind them – but that ...

icon

BlackRock deepens private markets push with unified credit platform

BlackRock has completed its acquisition of HPS Investment Partners and will launch a combined platform to house all of ...

VIEW ALL

Count profit slides in first half

  •  
By Alice Uribe
  •  
4 minute read

Count Financial reports a drop in its interim net profit after tax and a $3.9 million loss from its Mortgage Choice investment.

Dealer group Count Financial has reported a 46 per cent drop in net profit after tax to $5.84 million for the half year ended 31 December 2008.

The company also said its interim net profit before tax fell 9 per cent to $16.3 million.

 It said it had recorded a $3.9 million loss from its investment in the Mortgage Choice business.

The market impact on Count's investment portfolio for the first half was a loss of $5.9 million.

 
 

The Count balance sheet revealed interest bearing loans and borrowings were at nearly $19 million for the half year, up from zero at 30 June 2008.

Count chief executive Marianne Perkovic said this was a short-term debt taken to fund Count Plus acquisitions and Count's interest in Mortgage Choice.

"We're looking at a 24 month period to pay it back," Perkovic said.

Despite this, she said the overall results were positive.

"The business model is sound. From a risk and compliance perspective we have a good research process and we haven't been involved in any investment collapses, so for us it's really just waiting for the market to recover to resume the growth percentages that Count has had," she said.

The second interim 'Easter' dividend remains unchanged at 2 cents fully franked and will be payable on 15 April.

"We also announced at our annual general meeting that our full-year dividend will be no less than 8 cents and no more than 10 cents, so that's also unchanged," Perkovic said.

Count shares rose 6 cents yesterday to 88 cents per share.