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ISCOVER
By: Staff Reporter
RHG has posted a significant jump in profits after winning a one off tax benefit.
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Yesterday, RHG revised its profit guidance to between $86 and $96 million – up from the $65 to $75 million the business was expecting.
The company announced the increase in profit after it received a contingent income tax benefit of $21.2 million from the Taxation Office.
But despite the profit surge, investors are still divided on the prospects of RHG making a return to the market.
There were whispers back in February that RHG was considering a return.
But the company refused to be drawn on the speculation.
A spokesperson for RHG told The Adviser earlier this year that the company would “consider its options in the future”.
“We wouldn’t rule anything out just yet,” the spokesperson said.
