Insignia Financial Ltd announced FY22 results; underlying NPAT increased 59%

Insignia Financial Ltd (ASX: IFL) announced its FY22 results for the period ended 30 June 2022:

• In FY22, the company reported an underlying net profit after tax of AU$234.5 million, a 59% increase from the previous corresponding period.
• It has reported a gross margin of AU$1.48 billion, up 102.8% from PCP, mainly driven by the acquisition of MLC, growth in FUMA, and realisation of synergies.
• The company has executed the sale of Australian Executor Trustee for AU$135 million, with completion anticipated by the end of CY2022.
• It also announced a fully franked final dividend of 11.8 cents per share, which is payable on 29 September.

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