OAMPS has announced a record half-yearly net profit after tax of $3.4 million, with the net profit exceeding the result for the previous full financial year.

Chairman John Jones said the result could be attributed to a “continued focus on combining sound and stable management practices together with clearly defined direction and a planned growth strategy”.

Group revenues for OAMPS increased by 67% and operating profit before tax by 145%. All group divisions exceeded the budget forecast, Mr Jones said.

OAMPS has been notable in the market over the past 18 months for the number of acquisitions of insurance broking companies, which Mr Jones said have not only introduced measurable ongoing profit in their own right, “but have also fed other group divisions with new greenfield business opportunities”.