Investment and wealth management company Gowing Bros. reported profit after tax surged 150% to $2.4 million for the first half of FY24, with total revenue growing 12% to $35.1 million.

Operational income before tax rose 546% to $2.63 million.

The board declared an interim fully franked dividend of 3 cents per share, payable on April 22.

Key drivers of the positive results include successful lot sales from Sawtell Commons.