Netwealth Group (ASX:NWL) has reported a full year revenue from ordinary activities amounting to A$207 million.

This represents a significant increase compared to the prior year where the revenue stood at A$172.9 million.

In addition, the company also reported a net profit standing at A$67.2 million, an increase from the previous year’s A$55.6 million.

Netwealth Group also declared a 2023 final dividend of 13.00 AU CPS.

The firm noted that they are entering the fiscal year 2024 riding on the back of a strong pipeline and high win rate for new business across all key segments.

Netwealth Group is an Australian financial services organization specializing in wealth management.