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An announcement from EQT Holdings Ltd. ( (AU:EQT) ) is now available.
Equity Trustees has reported significant financial growth, with funds under management reaching a record $254 billion, a 28% increase from the previous year. The company also saw a 60.4% rise in statutory net profit after tax to $33.2 million and a 7% increase in revenue to $182.5 million. The completion of strategic projects, including the integration of Australian Executor Trustee and major technology upgrades, marks a turning point for the company. The exit from the UK/Ireland business and a reduction in expenses further strengthen its position. With a strong pipeline in the Corporate Responsible Entity market, the company is optimistic about future growth opportunities, driven by its market leadership and enhanced technology.
The most recent analyst rating on (AU:EQT) stock is a Hold with a A$35.00 price target. To see the full list of analyst forecasts on EQT Holdings Ltd. stock, see the AU:EQT Stock Forecast page.
More about EQT Holdings Ltd.
EQT Holdings Ltd, operating under the brand Equity Trustees, is a specialist trustee company in Australia. It focuses on providing trustee and wealth services, including corporate and superannuation trustee services. The company is known for its expertise in managing funds and providing fiduciary services, with a strong emphasis on the Corporate Responsible Entity market.
Average Trading Volume: 27,750
Technical Sentiment Signal: Sell
Current Market Cap: A$800.4M
For detailed information about EQT stock, go to TipRanks’ Stock Analysis page.