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Evans Dixon raises fiscal-year guidance

Sydney-based Evans Dixon Ltd. raised its guidance for the fiscal year ending June 30 thanks to strong performance in all three of its business segments.

The company is increasing its earnings forecast to about A$50 million, a 17.4% increase from its previous forecast of A$42.6 million. The company said the increase was due to strong performance in wealth advice, capital markets and funds management in this quarter.

The company still has to finalize a number of expense provisions which, together with additional revenue, may impact the final result for the fiscal year.