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Growth

RHG market entry rumours re-ignited

6 minute read
The Adviser

By: Staff Reporter

RHG has posted a significant jump in profits after winning a one off tax benefit.

Yesterday, RHG revised its profit guidance to between $86 and $96 million – up from the $65 to $75 million the business was expecting.

The company announced the increase in profit after it received a contingent income tax benefit of $21.2 million from the Taxation Office.

 
 

But despite the profit surge, investors are still divided on the prospects of RHG making a return to the market.

There were whispers back in February that RHG was considering a return.

But the company refused to be drawn on the speculation.

A spokesperson for RHG told The Adviser earlier this year that the company would “consider its options in the future”.

“We wouldn’t rule anything out just yet,” the spokesperson said.

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