Empired looks at dividend next year

28/02/2012 - 13:23

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Perth-based IT services firm Empired says it will consider paying a dividend to shareholders next financial year after lodging record revenue and a robust lift in profit for the half year ended December 31.

Empired today announced it had lodged a 169.9 per cent increase in net profit to $675,470, on the back of record half year revenue of $23.7 million, up 51 per cent on the previous corresponding period.

Managing director Russell Baskerville said the company was confident of delivering ongoing revenue and earnings growth and the board would assess the possibility of paying a dividend in financial 2013.

 “Our ongoing focus on growing contracted recurring revenue levels improves Empired’s surety of income in an uncertain economic environment,” Mr Baskerville said.

“Importantly this income is generated through the maintenance and support of core IT infrastructure and systems required by Empired’s clients to maintain operating their businesses.

“These clients are typically medium to large corporate and government organisations.”

Mr Baskerville said the company would focus on meeting growing demand from the resources sector and growing its cloud computing offering over the next financial year.

“We are seeing numerous growth opportunities across our industry with the adoption of cloud computing accelerating, capital expenditure in the resources sector continuing to grow and the trend toward multi-sourcing by large Australian and multi-national companies ever expanding,” he said.

At 1:20PM WST, Empired shares were up 5.8 per cent, at 36.5 cents. 

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