PSC MD Tony Robinson says he is delighted with the way the business is performing ahead of the release later this month of the group’s financial results for the six months to December 31.

The Melbourne-based broking group announced last week in a market update that it expects underlying pre-tax earnings to increase by more than 50% when the December half performance card is released on February 22.

The market update projects underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of about $28.7 million, continuing a solid growth trend since the start of the current financial year.

In its previous update, PSC said underlying EBITDA grew 40% in the four months to October.

“We are obviously delighted with the result, both the contribution from the businesses that joined the group last year and the organic growth results generated from the existing businesses,” Mr Robinson told insuranceNEWS.com.au.

“It is definitely an outcome that is a product of the calibre of the people in those businesses and their focus on our clients.”

PSC says based on current trends, underlying EBITA remains on track to fall at the top end of its $65-70 million full-year guidance as previously advised.

“This result reflects strong organic growth both in Australia and the UK, as well as a benefit from the inclusion of a full six-month contribution from acquisitions made in the prior corresponding period,” PSC says.

“In addition, the company continues to progress a number of acquisition opportunities and, following the recent capital raising, is well placed to fund those transactions from existing resources.”