Sequoia Financial Group Limited

ASX:SEQ

Sequoia Financial Group Limited

ASX:SEQ
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#H1FY21 Results 18/2/21
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mmff
Added 3 years ago
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SEQUOIA FINANCIAL GROUP ANNOUNCES 1H21 RESULT

1H21 Highlights

  •  Consolidated Revenue rose by 28% to $52.4m
  •  Revenue growth in the core business units of Wealth and Equity markets was more than 40% with softer performances in our Professional Services and Direct Investment business units growth rates
  •  Operating Profit (EBITDA) rose by 176% to $4m • NPAT increased to $1.7M (up 548% from 1H20)
  •  Operating Cash Flow (excluding client funds) improved 142% to $3.4m
  •  Number of advisers operating under a Sequoia owned AFSL grew by 33% to 405
  •  Morrison Securities monthly contract note turnover increased by 300%
  •  Morrison funds on chess sponsored holdings increased from below $0.4 billion to $2.9 billion in the last 12 months
  • Morrison revenue doubled to $11.1m
  •  InterPrac Financial Planning saw a revenue increase of 39% to $20.6m
  • Sequoia Wealth Management saw revenue increase of 231% to $4.1m
  •  Cash at Bank (excluding client funds) remained steady at $13m

 

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