Steadfast Group 2016 revenues surge on acquisitions

Fast-expanding Australian intermediary Steadfast Group reported a
54 percent increase in its underlying revenue for the 2016
financial year to A$459.5mn ($349mn).
The broker's underlying earnings before interest expense,
tax and amortisation (Ebita) increased by 43 percent to A$129.6mn
in the full-year period, while net profits after tax and before
amortisation rose 45 percent to A$82mn.
Some A$33.7mn of the full-year Ebita growth stemmed from
acquisitions, according to the company.
In 2015 the