A continued focus on the small- and medium-sized business segment has seen accounting firm Kelly Partners Group post a jump in underlying profit in its debut results as a listed firm.
The group, which owns Kelly + Partners, posted a 15 per cent rise in underlying profit to $3.4 million for the year ended June 30. The underlying pro forma profit, which excludes non-recurring items and amortisation and is attributable to shareholders, was slightly above the prospectus forecast.
The group swung to a statutory $2.8 million loss from a $2 million profit the previous year due to non-recurring items including the $1.7 million initial public offering costs, a $453,500 bonus share issue to employees and $1.7 million in business acquisit…
Read the full article at: http://www.afr.com/business/accounting/kelly-partners-group-beats-prospectus-ellerston-sells-down-20170828-gy5tr2