IRESS posts over $55m in full-year profit
Financial services technology provider IRESS has posted a 9.3 per cent increase in statutory net profit after tax for the full-year ending 31 December 2015.
In a statement, IRESS posted a full-year net profit after tax of $55.4 million, up from $50.7 million in the previous year.
Commenting on the result, IRESS chief executive Andrew Walsh said the company's UK segment was "positively impacted" by the acquisition of trading, market data and connectivity business Proquote and portfolio management software firm Pulse Software Systems.
Mr Walsh said the company had also seen "strong performances" across its Australia and New Zealand and South African segments.
"During the second half, prior investments by IRESS have translated into strong revenue growth. In particular, we have seen growing momentum in our United Kingdom business in wealth management and lending.
"Australia and New Zealand performed strongly, with double-digit growth in wealth management and, in our financial markets business, run-rate revenue exceeded levels in the prior year, despite client-specific impacts in Australia in the first half," he said.
"Our business achievements in 2015 directly reflect the passion and sustained efforts of our people, and their focus on the interests and outcomes of our clients and shareholders."
During the year, the technology provider also acquired Innergi, a content and communications adviser to financial advisers.
Former adviser appears in court on fraud charges
A former veteran financial adviser has appeared in court on seven charges of fra...
Government announces royal commission road map
The government’s royal commission road map has been released to the public to ...
Super reforms don't go far enough: ISA
New legislation attempting to close a loophole estimated to cost Australians $1....