ISS Group flags interim dividend

10/02/2011 - 14:33

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Perth-based software developer ISS Group says it will consider paying an interim dividend, after reporting a significant lift in profit in the December quarter.

Perth-based software developer ISS Group says it will consider paying an interim dividend, after reporting a significant lift in profit in the December quarter.

For the half year to December, however, ISS Group's profits were down on the previous year.

ISS reported a profit before tax of $1.2 million for the first half of financial year 2011, down from $3.07 million in the first half of the 2010 financial year

The results were boosted by a $2.8 million profit in the December quarter.

For the December 2010 quarter, revenues were up 6 per cent, while costs of sales improved by 4 per cent.

For its Australian operations, ISS said work was progressing on several fronts with gas giant Santos, and had several bids in place to win contracts at greenfields sites.

ISS holds contracts to provide operational database software for Rio Tinto, BHP Billiton, Woodside Petroleum and Fortescue Metals Group, among others.

"While the half year result is down on last year, the board is pleased with the trend towards improving results achieved this quarter," ISS said in a statement to the ASX.

"The group's focus is, and will continue to be on growing sales in all regions and via partners.

"ISS Group's financial health remains excellent and in consideration of this, the board will be meeting shortly to consider the payment of an interim dividend following the reinstatement of dividends in October 2010."

 

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