The directors of HFA Holdings Limited declared fully franked interim dividend of 3.0 cents per share. The dividend will be paid on March 27, 2014 to all shareholders registered on the record date of March 4, 2013.

The company reported consolidated earnings results for the six months ended December 31, 2013. For the period, the group has announced a net profit after tax of $6.9 million, a significant 167% increase on the prior year of $2.6 million. Driven by an increase in performance fee revenue and a reduction in direct distribution and investment costs, net operating income increased by 12%. A further 7% decrease in operating expenses led to a 51% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to $13.1 million compared to $8.6 million a year ago. Net operating income was $32.2 million, up 12% on prior year. Revenue was $35,491,000 compared to $33,632,000 a year ago. Operating income was $32,168,000 compared to $28,614,000 a year ago. Profit before income tax was $6,898,000 compared to $2,594,000 a year ago. Basic earnings per share were 3.908 cents compared to 1.919 cents a year ago. Net cash from operating activities was $4,644,000 compared to $6,402,000 a year ago. Acquisition of plant and equipment was $447,000 compared to $130,000 a year ago. The company has announced a increase in net profit after tax of 167% increase on the prior year. Driven by an increase in performance fee revenue and a reduction in direct distribution and investment costs, net operating income increased by 12%. A further 7% decrease in operating expenses led to a 51% increase in earnings before interest, tax, depreciation and amortisation (EBITDA).

The company also announced that Kate O'Donohue has resigned as company secretary, effective from February 12, 2014. Ms O'Donohue held the position of joint company secretary since March 2012. Amber Stoney, Chief Financial Officer, will continue in her role as Company Secretary of the company.