Trust Co lifts half-year profit

Group expects to maintain earnings momentum, sees rising consumer sentiment.

The Trust Company (TRU) expects to maintain revenue and earnings momentum for the full year after lifting half-year profit, saying it sees emerging signs of improvement in consumer sentiment after the election.

Profit rose by 28% to $5.2 million in the half year ended August 31, compared with $4.1 million in the previous corresponding period.

Revenue lifted by 12% to $48 million in the half, compared with $42.8 million in the previous corresponding period.

The group will pay an interim dividend of 17 cents per share.

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