SFG Australia Limited (ASX:SFW), previously Snowball Group, has posted a first half profit of $13.5 million, 84 per cent higher than the year before.
The rise in has been primarily due to the company’s successful takeover of Shadforth Financial Group Holdings Limited in June last year.
Underlying profit increased 43 per cent to $13.6 million for the same period.
A fully franked interim dividend of 1 cent per share has been declared.
