Trust Co justifies hype

Fending off potential suitors all year hasn't distracted The Trust Co management from delivering a strong first half result.

After a three way tussle for control that has occupied management form most of this year, The Trust Co (TRU) has justified all the attention with a 28% lift in first half earnings and an upbeat assessment for the future.

Perpetual (PPT) won the battle with a $247 million offer for the group, outbidding Equity Trustees and IOOF (IFL), although shareholders of both companies have yet to ratify the deal that will make Perpetual the dominant market force.


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