COG Financial Services' Underlying Net Profit Rises in Fiscal Q3; Shares Down 3%

MT Newswires Live
04-16

COG Financial Services (ASX:COG) recorded AU$5.9 million in underlying net profit after tax and before amortization of acquired intangibles and write-off of intangibles (NPATA) in the fiscal third quarter, up from AU$5.4 million in the year-ago period, according to a Wednesday filing with the Australian bourse.

The company's novated leasing business saw NPATA up to AU$3.7 million, from AU$2.4 million a year earlier. Finance broking and aggregation NPATA fell to AU$1.6 million from AU$2.2 million.

NPATA in the year-to-date ended March 31 reached AU$17.7 million, compared with AU$18 million a year ago.

COG Financial's shares were down nearly 3% in recent trade.

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