Diversified insurance broking group OAMPS has announced a record net profit of just over $18 million for the year. The result is up 57% on last year’s results, with the group attributing much of its success to its ongoing acquisition program.

Group CEO Tony Robinson says the result could also include audited amortisation of goodwill as an expense totalling $3.9 million, taking the group’s net profit to $22 million.

“This is an outstanding result and is a product of our focus on organic growth and the success of our ongoing acquisition program,” he said.

With the fully audited results due on September 4, he says the group’s profit is the result of “hard-working staff” and a “loyal and growing customer base”.