Equity Trustees has increased net profit after tax (NPAT) by 39 per cent in the first six months of this financial year.
Net profit after tax increased to $5 million, from $3.6 million for the six month to December 31 and was in line with the guidance given at the company's general meeting in November.
"It is important to note that our results reflect strong organic revenue growth as well as a responsible approach to cost containment," Equity Trustees chairman Tony Killen said.
However, Killen noted that recent market turbulence meant he was wary about the second half results.
"Given recent investment market uncertainty our outlook for the second half of the year is cautious," he said.
"There is however a good continuing inflow of new business that will assist our performance."
According to Killen while acquisitions, including Freedom of Choice and Mutual Benefit Consulting, did not have a significant impact on the first half result, they were being successfully integrated into the group.
Equity Trustees purchased Mutual Benefit Consulting earlier this month and Freedom of Choice in May 2007.
