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Strong June trading performance buoys AUB

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AUB Group expects to deliver earnings “towards the top” of the guidance range it recently provided for the past financial year.

The company, which will deliver its profit result on August 24, says the financial year ended with strong June trading results.

Last month AUB forecast underlying net profit of $52-53 million, representing growth of 12-14% compared to the previous fiscal year.

The company’s guidance assumed no significant changes to the seasonally important June Australian broking renewal cycle and was based on unaudited financial performance.