Heres another company performing well. The chart is on a down trend at the moment so could be one to watch for an uptrend soon.

About WHK Group

WHK Group Limited provides a range of business and financial services. The Company operates through two business segments. The Business Services segment is engaged in the provision of accounting, taxation, audit and assurance, estate planning, business advisory and corporate advisory services. The Financial Services segment is involved in the provision of financial planning, wealth management, risk insurance, self-managed superannuation and finance broking services. Its business segments are located throughout Australia and New Zealand. As of June 30, 2006, it had three firms operating within New Zealand. As of June 30, 2006, its distribution network consisted of 19 accountancy firms and one specialist financial planning firm. It provides services to small and medium-sized enterprises and high-net-worth clients. In October 2006, the Company acquired HMG Accounting, a Ballarat-based accounting firm, together with its affiliated financial planning practice, Ballarat Wealth Advisers.

Dear Shareholder

2006/07 FIRST HALF RESULTS

On behalf of the Board of WHK Group Limited (“the Group”), I am pleased to report that the Group has continued to grow and perform strongly in the 2006/07 first half, with the Financial Services Division in particular contributing strongly to record profitability and allowing the Directors to increase the interim dividend by 15% to 2.50 cents per share fully franked (2005: 2.17 cents per share fully franked, share split adjusted).
Results Summary and First Half Highlights
A brief summary of the first half results and major highlights are outlined below:
• Operating revenue increased to $148.45 million (2005: $124.84 million), a rise of 19% and maintaining the Group’s strong growth momentum.
• Consolidated net profit after tax (“Net Profit”) has also increased strongly to a record $12.39 million, an increase of 15% on the previous half-year result (2005: $10.77 million) which was affected by a non-recurring write-off of $0.84 million.
• Underlying profitability represented by Net Profit before amortisation of intangible assets and non-recurring items (“Normalised Cash Earnings”) increased by 8% to $12.76 million (2005: $11.82 million).
• As referred to above, the Group’s record first half profit has enabled Directors to declare a 15% increase in the interim dividend to 2.50 cents per share fully franked, up from 2.17 cents per share for the previous corresponding period, adjusted for the 3 for 1 share split approved by shareholders at the Group’s 2006 Annual General Meeting.

• Financial Services –
- continued to achieve exceptional growth and performance on the back of favourable market conditions;
- operating revenue increased by 20% to $38.61 million (2005: $32.30 million), mainly as a result of strong organic revenue growth;
- net contribution jumped to $9.09 million (2005: $7.07 million), a rise of 29%;
- funds under advice (“FUA”) climbed to $7.52 billion at financial year end (30 June 2006: $6.72 billion), an increase of $0.80 billion or 12% in the 6-month period;
- new business inflows increased by 10% to $339 million (2005: $308 million) and contributed strongly to growth in FUA;
- on-going (recurring) revenue from financial planning jumped sharply to $22.67 million (2005: $18.69 million), a rise of 21%;
- revenue from the administration of some 8,230 self managed super funds grew to $5.68 million (2005: $4.91 million), a rise of 16% – self managed super is regarded by Directors as an outstanding growth opportunity for the Group for at least the next 10 years given the ability of member firms to provide a complete range of accounting, tax, compliance, audit, financial and investment advice and services to individually managed super funds;
- finance broking revenue continued to surge, up 56% to $2.26 million (2005: $1.45 million); and
- revenue from risk insurance grew by 36% to $2.33 million (2005: $1.71 million).
• Bus