Litigation funder IMF Australia Ltd has reaffirmed its guidance of up to 15 per cent profit growth in the current financial year.
At the company's annual general meeting in Perth on Friday, chairman Rob Ferguson said net profit was expected to be between $20 million and $24 million in 2009/2010.
Net profit before tax is forecast to be between $29 million and $35 million.
IMF recorded net profit of $20.8 million in the last financial year and profit before tax of $30.4 million.
The first half of the current financial year would be better than the second half, Mr Ferguson said.
He also said the current economic climate is positive for improving the size of IMF's investment portfolio.
The company has targeted an investment portfolio of $2 billion by June 30, 2011.
IMF currently has $49.5 million in cash and no debt, shareholders were told.
Among the cases Mr Ferguson said are expected to be settled in the year are matters relating to collapsed gold miner Sons of Gwalia, stocklender Opes Prime and grains marketer AWB.
IMF shares were down three cents, or 1.79 per cent, to $1.645 at 1403 AEDT.
© 2009 AAP
