Kina Securities Expects Full-Year Net Profit to Rise Up to 20%

MT Newswires Live

07/07

Kina Securities (ASX:KSL) expects full-year net profit after tax (NPAT) in the range of 132 million Papua New Guinea Kina to 138 million Papua New Guinea Kina, representing an increase of 15% to 20% compared to the prior year's audited NPAT of 114.6 million Papua New Guinea Kina, according to a Tuesday Australian bourse filing.

The company said the guidance reflects continued revenue growth driven by sustained momentum across its target segments, with underlying business performance remaining robust and earnings momentum strengthening across key business lines as it exited the second quarter.

It expects this momentum to continue into the second half, it added.

Shares fell 2% in recent Tuesday trade.

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