Revenue up $10.4 million to $386.6 million with solid performances across all businesses
Expenses up $5.0 million, in line with guidance reflecting current strategic initiatives
Interest and dividend income up 11.3% due to higher margin balances
NPAT up 3.0% to $219.4 million
EPS and DPS both up 2.9%, interim dividend of $1.02 per share fully franked
Capex of $20.3 million, on track for approximately $50 million as per guidance
ASX LIMITED HALF-YEAR RESULTS TO 31 DECEMBER 2016 (1H17)
• SOLID PROFIT GROWTH – NPAT UP 3.0% TO $219.4M
• MACRO FACTORS PLUS STRATEGIC INITIATIVES PROVIDING LONG-TERM GROWTH OPPORTUNITIES
Highlights relative to the prior comparative period (1H16) based on Group segment reporting:
4D disclosure requirements can be found in the Directors' Report and the consolidated financial statements for the half-year ended 31 December 2016.
This report is based on the consolidated financial statements for the half-year ended 31 December 2016 which have been reviewed by PricewaterhouseCoopers.
The value of ASX-listed stocks, as measured by the All Ordinaries Index, fell 0.8% in January 2017. This performance was lower than most major markets, including Hong Kong up 6.2%, Singapore up 5.8%, the US up 0.8%, and Germany up 0.5%. Declines were observed in Japan, down 0.4% and the UK down 0.6%.
Volatility measures for the Australian equity market were mixed during January:
Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.5% in January, down on the previous month (0.6%).
Expected future volatility (as measured by the S&P/ASX 200 VIX) rose in January to an average of 13.1 (compared to 11.9 in December).