‘Favourable momentum’ lifts AUB earnings expectation
Listed intermediary group AUB has reviewed its 2024-25 earnings assessment, noting “favourable trading momentum” since its half-year results in February.
In a brief investor update, it says it expects full-year underlying net profit to be “towards the top end” of its $190-$200 million forecast.
The group will release its annual results on August 26.
In February, AUB reported a 13% rise in underlying net profit to $79.3 million for the half, driven by UK and Australian acquisitions and growth in existing businesses.