The Trust Company Limited reported audited consolidated and parent earnings results for the year ended February 28, 2013. For the year, on consolidated basis, the company's total income was AUD 88.6 million compared with AUD 86.5 million a year ago. Profit before income tax expense was AUD 15.9 million compared with AUD 17.8 million a year ago. Profit attributable to members of the parent entity was AUD 11.7 million or 35.0 cents per diluted share compared with AUD 12.6 million or 38.5 cents per diluted share a year ago. As on February 28, 2013, the company's net tangible asset per share was AUD 1.62. Net cash provided by operating activities was AUD 10.4 million compared with AUD 12.6 million a year ago. Payments for property, plant and equipment was AUD 1.3 million compared with AUD 5.7 million a year ago. For the year, on parent basis, the company's total income was AUD 65.3 million compared with AUD 55.1 million a year ago. Profit before income tax expense was AUD 27.3 million compared with AUD 15.8 million a year ago. Profit attributable to members of the parent entity was AUD 28.1 million compared with AUD 16.6 million a year ago. Net cash provided by operating activities was AUD 4.9 million compared with net cash used in operating activities of AUD 5.3 million a year ago. Payments for property, plant and equipment was AUD 0.1 million compared with AUD 0.21 million a year ago.

The Trust Company Limited's Board of Directors declared a fully franked fiscal year 2013 final dividend of 18.0 cents per ordinary fully paid share. Dividend payable date is May 17, 2013 with record date of May 3, 2013. Ex-dividend date is April 29, 2013.

The Trust Company Limited announced earnings results for the year 2013. For the period, operating revenue was AUD 85.5 million against AUD 82.8 million in the same period a year ago. Operating EBITDA was AUD 16.7 million AUD 18.5 million in the same period a year ago. Operating EBIT was AUD 13.6 million against AUD 15.9 million in the same period a year ago. Net interest loss was AUD 0.2 million against AUD 0.1 million in the same period a year ago. Operating net profit after tax was AUD 10.2 million against AUD 11.9 million in the same period a year ago. Basic EPS reported was 35.1 cents per share against 38.7 cents per share against in the same period a year ago. The revenue growth driven by responsible entity and MITs within corporate business and private clients within personal business. The company announced that 2014 performance will benefit from higher FUM balance at the beginning of the year, any further improvement in equity markets during the year and full year effect of new business growth in 2013. Further upside to 2014 is expected to also be realised through the implementation of initiatives identified as part of the profitability review. Profit growth will be skewed towards the second half due to the seasonality of the business, timings of initiatives and defence costs relating to the off-market takeover bid by Equity Trustees.