IRESS Ltd

IRE: XASX (AUS)
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Iress Fair Value Reduced to Reflect Cash Cost of Retaining Staff

Business Strategy and Outlook

Iress is positioned to deliver improved earnings growth through the strategic refocusing on its core business units, which have stronger competitive advantages in Australia. These core businesses consist of a trading and market data product and a wealth management platform. This follows a prolonged expansion into lower-returning noncore and overseas markets, which have eroded the firm’s economic returns.

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