EasyEquities owner Purple Group expects full-year profit to soar

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EasyEquities owner Purple Group expects full-year profit to soar
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Group says headline earnings per share in the year to end-August will increase

Financial services firm Purple Group expects its full headline profit for the year to surge nearly fourfold, thanks to its low-cost investment platform EasyEquities, which has endeared itself to retail investors.

EasyEquities and other cheaper online share trading platforms are credited for having revolutionised the investment landscape. The EasyEquities’s pretax profit likely jumped by 676%-703% during the review period, the parent company said in a statement.

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