Shares of insurance agency firm AUB Group (ASX:AUB) advanced as much as 7% reaching A$28.78, and are on track for their best day since May 19th, if the gains hold on.
The company emerged as one of the top gainers in the benchmark.
The agency is now expecting to report an underlying net profit after tax of nearly A$129 million for fiscal 2023, fuelled by robust trading during May and June.
The anticipated result hovers above the midpoint of the previously projected FY23 outlook range between A$120 million and A$124 million.
The company’s stocks increased by 19.4% this year, as of the last close.
AUB Group (ASX:AUB) is a respected insurer agency and broker.
The firm’s consistent positive performance stems from their versatile products and commitment to consumer satisfaction.