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Company News Summary

Steadfast Group Releases 1H21 Results Investor Presentation

23 Feb 2021  |  17:55:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 1HFY21 Financial Results Investor Presentation

Steadfast Group released 1H21 presentation reporting NPAT of $73.4m (1H20 loss of $71.9m). The Company noted change in Steadfast Network with new brokers joining and numerous mergers and sales; network brokers at 454. The Company reported 10,425 active users of SCTP, of which 3,619 access the SCTP through INSIGHT, 5,286 users access SCTP through Winbeat, and 1,520 users through other broking systems. The Company declared interim 1H21 dividend of 4.4 cps (fully franked), up from 3.6 cps in 1H20, 22.2%. The dividend will be paid on 25 March 2021. The Company earns professional service fees from insurer partners which are used as a revenue stream to provide products and services to the Steadfast Network.

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