Steadfast posts numbers ahead of guidance

Expanding Australian broker network Steadfast, which listed on the Australian stock exchange at the beginning of the month ( InsuranceDay.com, August 2 2013) has reported a net loss of A$13.4m (US$11.99m) for the financial year to June 30 2013, ahead of the forecast of A$15.7m included in the flotation prospectus. Due diligence and restructuring costs alone came to A$13.3m.