070917_KPGHL_Annual Report 2017_final_PREVIEW
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During the financial year, Kelly Partners Group Holdings made significant progress. Our commitment to helping our<br />
clients' accounting, tax, audit and advisory needs (principally SME and mid-market businesses) via our 13 office locations<br />
delivered continued growth across all our business areas.<br />
The <strong>2017</strong> financial year saw the Group deliver a Net Profit After Tax of $1.08 million after taking into account one off<br />
costs largely associated with the IPO of the company (refer page 73 of Financial <strong>Report</strong>). Group Revenue was up by 43%<br />
and underlying Group EBITDA (after adjusting for non–recurring items) grew by 67% to $8.7 million. Underlying EBITDA<br />
attributable to shareholders grew by 60% to $4.3m (refer page 61 of Financial <strong>Report</strong>). The driver of this performance was<br />
growth across all business areas, disciplined management of costs and focus on core business delivery.<br />
Our Mission and Strategy - A key differentiator for the business is the clarity of understanding as to our mission and<br />
strategy. We focus on helping clients realise a stronger financial future by delivering coordinated financial advice.<br />
In executing our strategy, we concentrate on five key areas: maximise the partnership model; strengthen foundations<br />
for growth; broaden service offering and maintain SME focus; drive operational excellence and fully deliver the<br />
Kelly+Partners Financial Advice System.<br />
Alignment - Our business model is entirely focused on alignment of interests of our partners, people, clients<br />
and shareholders and this team based approach has, and we believe will continue, to drive superior opportunity<br />
and performance in the businesses.<br />
Message from the Chairman & CEO<br />
Outlook - We have a clear mission and strategy, focused on our continuing to deliver growth over time. We are excited<br />
about the opportunities to bring additional talented people and services to our clients, and to build Kelly Partners<br />
Group’s position in the industry. What is good for our partners and clients, will be great for our business and long-term<br />
shareholder value.<br />
I am extremely grateful to the Kelly Partners Group team and its partners, for their dedication and willingness to<br />
embrace change as we continue to grow and evolve. We are committed to making Kelly Partners Group not just<br />
a great company and a great place to work, but one that makes all of its people and clients better off.<br />
Brett Kelly<br />
Founder, Chairman and Chief Executive Officer<br />
Kelly Partners Group Holdings Limited<br />
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