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Steadfast affirms earnings guidance

Steadfast is on target for underlying net profit after tax of $85-$90 million and underlying earnings before interest, tax and amortisation of $190-$200 million this financial year.

The broker network confirmed its previously announced earnings guidance at a Macquarie conference last week.

In February it reported that first-half net profit grew 19.8% to $40.5 million.

In the medium term, it sees an opportunity to roll out products and services such as the proprietary Insight broker content management system and Steadfast Client Trading Platform for unisonSteadfast.

Steadfast has a 40% equity holding in unisonSteadfast, a network with 230 brokerages across 130 countries and a combined gross written premium in excess of $US25 billion ($35.6 billion) a year.