Latest News
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Prime's full-year EBIT up 26%, growth continues
Prime directors are very pleased that the company achieved a substantial growth in operating results for 2010. This result reflected a strong business recovery after the effects of the Global Financial Crisis with normalised EBIT increasing 26% to $5.36M from $4.24M in 2009. The profit after tax for 2010 was $3.66M compared to $1.08M in 2009. More information >
Prime's half-year EBIT up 44%, growth continues
Prime directors are pleased with the improvement in operating results compared with the previous corresponding period. Over this period normalised EBIT has increased from $1.88M in 1H09 to $2.70M in 1H10, an increase of 44%. This performance is a reflection of revenue growth and a reduction in overheads as a result of integration and operational improvements. More information >
Prime continues to operate well in what have been extremely difficult market conditions
Overhead and operational adjustments were made to strengthen and consolidate Prime and position the business for future growth and margin improvement. The successful integration of the Prime and CPP Financial Planning Operations delivered 2H09 cost savings. This, along with the divestment of the non-core minority equity investment in Funds Management business Armytage Private Ltd’ (APL) has led to a more focussed and scalable business with additional resources for growth, the benefits of which are being realised. More information >
Solid result in a difficult market
PFG reported a solid FY08 result that was in line with our expectations. This result compares favourably to its peers. All divisions had a solid result except funds management and PFG's listed investment in ASOF, which is as expected given equity markets. More information >
Prime delivers another year of record profit & growth
The Directors’ are pleased to report that Prime Financial Group Ltd (Prime) has had another excellent year highlighted by the consolidation of core operating activities and a focus on business efficiencies and key growth opportunities. Prime’s performance has seen a 33% increase in net profit after tax from the previous year up to $6,823,786 from $5,118,484. More information >
Prime report an excellent first half-year with a 132% increase in NPAT
The Directors’ are pleased to report that Prime Financial Group Ltd (Prime) has had an excellent first half-year having achieved a 132% increase in net profit after tax (NPAT) from the previous half-year up to $3,109,985 from $1,337,835 highlighted by the ongoing performance of the merged business. More information >
Prime releases 2007 AGM audio presentation
Prime provides the opportunity to listen to an audio broadcast with Mr Simon Madder, Managing Director and CEO of Prime, in a presentation titled '2007 Annual General Meeting'. More information >
Record profit & sustained strong growth
The Directors’ are pleased to report that Prime has had an excellent year exceeding forecast earnings expectations highlighted by the merger, acquisitions and substantial organic growth across core operating activities. The financial year proved to be highly successful for Prime with a 169% increase in net profit after tax from the previous year up to $5,118,484 from $1,904,265. More information >
One stop shop for financial services
"In our view, PFG's co-investment model of providing 'integrated financial advice' will underpin a strong growth profile well into the future. We believe that PFG is one of the emerging leaders in the financial services sector and initiate coverage with a BUY". ABN AMRO Morgans Limited. More information >
A highly successful financial year for the Armytage Strategic Opportunities Fund
The financial year proved to be a highly successful one for the fund with the Net Asset Value up to over $24 million and an annual return to unitholders of 34.89%, this is inclusive of the total distribution for the year of 8.91 cents per unit. More information >
Primed for growth
Prime Financial Group has acquired a 35 per cent stake in Cairns-based accounting and financial planning firm, Pacifica Chartered Accountants. More information >
Prime for the taking
Prime Financial Group (Prime) has increased its interest in the accounting and advisory market with a 35 per cent investment in Pacifica Chartered Accountants (Pacifica). More information >
