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Morrison divestment lifts Sequoia profits

Sequoia Financial Group reported an "abnormally high" net profit after tax (NPAT), coming in 4317% higher than the prior corresponding period. However, it also flagged "several" complaints to the Australian Financial Complaints Authority (AFCA) that may impact future financials.

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Read more: Sequoia Financial GroupAustralian Financial Complaints AuthorityGarry CroleJohn LarsenMorrison Securities