Empired pays first dividend on solid growth

29/08/2013 - 15:18

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Empired managing director Russell Baskerville.

Information technology group Empired has paid its first dividend to investors, after reporting a solid lift in net profit over the past financial year.

Empired today announced a net profit of $2.1 million for the 12 months to June 30, including contributions from the acquisition of Conducive in January.

Excluding the contributions of the acquisition, Empired’s net profit was $1.55 million, up from $1.27 million in the previous year.

Revenue rose 4 per cent, to $46.5 million, excluding earnings from Conducive.

The company will pay a final dividend of 0.5 cents per share, its first re-distribution to shareholders.

Managing director Russell Baskerville said the company was proud to have delivered strong growth at a time many companies are facing challenging headwinds.

“This result is a testament to the resilience and defensive nature of our business model which continues to be focused on core operational business systems that are fundamental to our customers’ day to day business performance,” he said.

Mr Baskerville said the company had about $150 million in tenders to be contested during FY2014.

“These strategic, financial and operational results build on our reputation of delivering market leading financial performance reliably year on year,” he said.

“We are confident that FY2014 will be no different and are excited by what is shaping up to be another transformational year as we continue to capitalise on our strategic investments and exciting market opportunities.”

The good result was not enough to stop Empired’s stock sliding 5 per cent on the ASX today, closing at 68 cents. 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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