Liberty clarify consolidated profit

Ian Rogers
Liberty Financial on Friday produced consolidated, though abridged, financial results for its year to June 2014.

Pre-tax profit increased 20 per cent to A$60.6 million from $50.7 million in 2013.

Assets increased nine per cent to $3.2 billion.

Net equity was $337 million.

Liberty said it ended the financial year "with a tier one capital ratio of 16.1 per cent and total capital ratio of 17.1 per cent."
 
In a media release Liberty said it "established in excess of $2 billion of funding capacity for the upcoming year to support its existing businesses as well as new businesses that are to be launched."