Investment and financial services group MFS has boosted its net profit after tax (NPAT) by a third.
MFS posted an NPAT of $33.35 million for the six months to December 31, 2006. This compares to $25.23 million in the previous corresponding period; an increase of 32 per cent.
It has also been announced president of Boeing Australia and former Liberal Opposition leader Andrew Peacock will become independent chairman of MFS.
The ex-politician will take over from Terry O'Dwyer in early March. O'Dwyer will resign to focus on private business plans.
Peacock became Boeing Australia president and Boeing Australia Holdings chairman in July 2002.
His political career spanned 1996 to 1994. Peacock served in the Gorton, McMahon and Fraser governments with portfolios including the army, foreign affairs, environment, industry and industrial relations.
He resigned from Federal Parliament in 1994 and services as an ambassador to the United States from 1997 to 2000.
MFS managing director Philip Adams will also resign in March. Adams will oversee MFS expansion in the United Arab Emirates.
"The chief executive officer of MFS, Michael King, will now be solely responsible for all Australian and New Zealand operations of MFS," a spokesman said.
