Netwealth Group Limited announced 1HFY23 result for the period ended 31 December 2022

Netwealth Group Limited (ASX: NWL) announced 1HFY23 results as follows:

• The company's total income of AU$102.8 million, an increase of AU$16.3 million or 18.9% as compared to previous corresponding period.
• The company's operating cash flow before tax interest of AU$51.2 million
• Total operating expenses of the company of AU$56.6 million, an increase of AU$12.1 million to PCP, up 27.2% and it has reported an operating cash flow before tax interest of AU$51.2 million.
• Fund under management (FUM) was AU$14.4 billion on 31 December 2022, with 10.4% growth from 30 June 2022.
• The number of client accounts increased by 13.0% to 121,032 compared to the previous corresponding period.

• An interim dividend of 11.0 cents per share was declared, fully franked, with an ex-dividend date of 22 February 2023 and payable on 24 March 2023.

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