AUB Group to grow
On Monday, insurance broking outfit AUB Group (ASX: AUB) announced its half year results, reporting a 12.7% increase in adjusted net profit after tax (Adjusted NPAT) to $14.5 million and a 15% increase in revenue from ordinary activities to $121.8 million. We expect to see continued growth in AUB which will be driven by potential acquisitions. Shares in AUB closed up 8.2% for the week. We own AUB as a research-driven investment in WAM Capital, WAM Leaders and WAM Research.
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