Posts Tagged ‘profit increase’

    • M2 Telecoms Profits Up By 63%

    Friday, February 27th, 2009

    Diversified telecommunications services provider M2 Telecommunications Group Limited (MTU) released its financial results for the half year ended 31 December 2008, delivering strong growth in earnings, earnings per share (EPS), dividends per share (DPS) and consolidated revenues.  Revenue was $87.2 million, an increase of 114%, while NPAT was $3.19 million, an increase of 63%. 

    The M2 group has delivered record half year earnings and earnings per share, on a considerably enlarged revenue base. Based upon this strong performance for the period, the Directors have declared the Company’s 9th consecutive dividend, totaling 2.5c per share (fully franked). 

    M2’s Managing Director and CEO, Vaughan Bowen, said of the interim performance; “We are very pleased to have delivered a strong result for the first half. Growth has been particularly solid in our M2 Wholesale division, with our M2 Telecom retail arm also growing organically during the period.” 

    http://m2.com.au/invest.php

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    Sonic Booms

    Wednesday, February 25th, 2009

    Sonic Healthcare (SHL) today reported a record interim net profit of A$137 million for the half year to 31 December 2008, an increase of 21% over the comparative period. The result was achieved on revenues of A$1,439 million, 28% higher than the corresponding period in the prior year. 

    Sonic’s CEO and Managing Director, Dr Colin Goldschmidt, said: “Sonic Healthcare has delivered another strong result for the half year and has shown the resilience of its business against global economic conditions and the current credit crisis.  A particularly pleasing aspect of this result is the strong organic revenue growth of our laboratory operations. We have clearly taken market share in a number of our key markets, including Australia. The efforts of our management teams to identify and capture synergies are also bearing fruit, with strong margin expansion especially in Germany and the USA.” 

    Sonic’s Board has declared an interim dividend of 22 cents per share (franked to 60%), a 10% increase over the previous year’s interim dividend. 

    http://www.sonichealthcare.com/ 

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    Cash Converters Cashing In

    Tuesday, February 24th, 2009

    Cash Converters (CCV) announced an increase in revenue of 23% as well as a profit increase of 30% and is thriving in the current economic conditions.  The last year has been the most successful in the Company’s history with a record net profit after tax of $15.1m, up 30% on last year’s result.  

    The first four months of this financial year have also been strong. The performance of the Group during this period sees net profit after tax up $1.1m against the budget on which our full year published guidance of $12m NPAT for 2009 was based. Accordingly, the Company expects that it will at a minimum achieve a result of $13.1 million net profit after tax, taking into account the Group’s performance during the first 4 months of this year. 

    The Directors of the Company recommend an interim, fully franked dividend, of 1.5 (one and a half) cents per share to be paid on 31 March 2009 to those shareholders on the register at close of business on 17 March 2009. 

    http://www.cashconverters.com/

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    OM Holdings Announces Record Profit

    Tuesday, February 24th, 2009

    OM Holdings  (OMH) announced a record $115.6 million net profit after tax for the 12 months to 31 December 2008, reflecting exceptional contributions by each of its manganese mining, marketing and ferro-alloy business units and providing a strong platform for continued growth.  

    The record net profit was more than double the $56.9 million net profit for the previous corresponding year and was achieved on a 98% increase in sales revenue to $574.1 million.    Significantly, more than half of total sales ($288.9 million) were derived in the second half of 2008 despite the suspension of product shipments during the fourth quarter following the impact of the economic crisis on global commodity markets. 

    The outstanding financial performance enabled the Board of OMH to declare a final dividend of 3 cents per share. This takes the total dividends for 2008 to 6.5 cents per share.

     

    OMH’s CEO, Mr Peter Toth said:  “All divisions contributed strongly to this result with record operational and financial milestones achieved from our mining, smelting and marketing operations. The strong cash generation capability of these businesses enabled us to finish the year with total cash and bank balances of $119.3 million with virtually no debt, putting us in a strong position moving forward.

     “While the outlook for the steel industry remains volatile and uncertain, we have seen a recovery in Chinese manganese alloy and ore demand during the first Quarter. This has been reflected in our ability to secure more than 150,000 tonnes of contracted sales of manganese ore for the January-March Quarter of 2009. 

    http://www.omholdingsltd.com/inv_01report.html

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    Picks And Shovels Still In Demand for IDL

    Friday, February 20th, 2009

    Industrea (IDL) is the modern day equivalent of the picks and shovel suppliers from the early days of mining and business is booming.  

    Industrea is expecting to report an adjusted net profit after tax for the half of $24.65 million, up 106% on the prior comparative period. The increase in adjusted net profit after tax reflects improved financial results across Industrea’s businesses and the inclusion of trading results from the Huddy’s Mining Services business for the full period.  

    Reported net profit after tax for the period, of $3.7 million, is inclusive of a non-cash impairment charge on customer contract intangible assets, of $17.18 million. The impairment has arisen from the termination of the Handlebar Hill Open Cut contract.  

    The first half result is in line with directors expectations and the company reaffirms its full year guidance for FY2009 of adjusted net profit after tax in a range of $42 – $47 million.

    http://www.industrea.com.au/

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    BigAir Pulls Broadband Profit from Thin Air

    Thursday, February 19th, 2009

    BigAir Group Limited announced its EBITDA profit for the half year ended 31st December 2008 was $849,414 an increase of $733,347 or 632% from the previous corresponding period. In addition the Company announces its maiden pre tax Profit of $416,098 for the period, an improvement of $1.7million versus the previous corresponding period.

    The Company has now achieved 4 consecutive quarters of net positive cash flow and has finished the half year with $1.9 million in cash and no debt.

    The Company has now completed its initial network rollout in Perth which expands its network reach to the West Coast adding to the existing coverage across the Sydney, Melbourne and Brisbane markets.

    Construction is underway to expand the existing Brisbane networks to other major business centres within South-East Queensland and further rollout is planned in other states.

    Despite the closing and loss of revenue from the iBurst resale business and the difficult market conditions the Company believes it remains on track to deliver previously forecasted full year EBITDA of $1.5 million. 

    http://www.bigair.com.au/company/investor-relations.html

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    Cardno Profit Up By 53% to $18.26 million

    Wednesday, February 18th, 2009

    Infrastructure services company Cardno Limited (CDD) today announced a 53 percent increase in net profit after tax to a record $18.26 million for the half-year ending 31 December 2008.  Revenue for the half year was up 35 percent to $265.6 million over the  corresponding period in 2007. Earnings per share have increased by 20.8% to 24.17 cents. 

    Cardno has increased its fully franked interim dividend to 14.0 cents per share. This represents a 7.7 percent increase per share over the previous corresponding period, and maintains the level of the final dividend paid for 2008.   

    Cardno Limited Managing Director, Mr Andrew Buckley, said Cardno delivered a solid performance despite the challenging global environment. 

    Much of the growth was attributed to the contribution from new businesses acquired during 2008.  One of these contributions TBE Group in the US is well positioned to benefit from the US government’s commitment to infrastructure projects.  Also in Australia the Federal Government’s stimulus package is positive news for Cardno.  

    Cardno will undertake a capital raising via a Share Purchase Plan (SPP). Cardno aims to raise up to $20 million under the SPP to fund further growth.  The SPP will be priced at the lower of $2.80, or a 7.5% discount to the 5 day VWAP prior to the close of the Offer. 

    http://www.cardno.com.au/

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    AYT Asset Backed Securities Continue to Perform

    Tuesday, February 17th, 2009

    It is not all doom and gloom in the investment sector with Adelaide Managed Funds Asset Backed Yield Trust (AYT) announcing a 16% increase in first half earnings and no impairment of assets held.  AYT has reported a $10.6 million net profit for the six months to 31 December 2008, in its half-year result released today. This result represents earnings of 11.16 cents per Unit.  

    • 1H09 Earnings per Unit up 16% over previous corresponding period
    • Yield forecast of between BBSW + 4.0% and BBSW + 4.5% for FY09 reiterated
    • Credit quality remains sound
    • Net Asset Value remains strong at $1.95 per Unit 

    According to the Chief Executive Officer of Adelaide Managed Funds, Bruce Speirs, AYT’s investments continue to perform well.  “AYT has continued to achieve a return to Unitholders in line with its guidance of between 400 and 450 basis points above the average 30-day BBSW for the full year, despite significant volatility in global financial markets.” 

    http://www.adelaidemanagedfunds.com.au/

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