Centrepoint managing director John de Zwart said the positive results and business growth were attributable to the strength and experience of the group's team, improvements in adviser systems and professional development “underpinning its move to a more client-centric culture”.
The Centrepoint profit announcement on the ASX website said while revenue was actually lower compared with the previous year, this was entirely offset by reductions in expenses.
The company said it also made substantial investments towards new capabilities and the transformation of the business.
“Significant investment is being made in people and technology to position the group for sustainable, above-market growth by delivering solutions designed to meet customers’ needs while assisting brokers and financial advisers to operate efficient and profitable businesses,” said Mr de Zwart.
“The group holds strong positions in segments of the financial services market which are expected to continue to grow well in excess of GDP with attractive margins for well run businesses.”
