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IR Profits Up 12 Per Cent |
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Written by Adam Gosling
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Thursday, 17 August 2006 |
Integrated Research has announced its 2005/6 fiscal results
with a net profit of A$7.0 million, up 12 per cent for the A$6.2 million it
earned in the previous corresponding period.
According to the company, the 4 per cent revenue increase to
A$34.5 million (from A$33.1 million the prior year) came despite absorbing the
impact of a 5 per cent stronger Australian dollar.
EBITDA increased 10 per cent to $12.1 million. Most of the
cream came in the second half when net profit was A$5.4 million, compared to A$1.6
million in the first half.
Steve Killelea, Chairman of Integrated Research said: "The
results demonstrate our ability to deliver consistent growth in revenue and
earnings. Combined with 98 per cent retention of recurring maintenance revenue,
the company has a strong platform for future growth."
A strong balance sheet including a cash position of A$10.7
million and no debt encouraged the Directors to declare a final dividend of 1.5
cent per share, taking the total unfranked dividend for the year to 2.5 cents
per share.
Keith Andrews, CEO, Integrated Research said: "All three
geographic regions performed strongly with increased sales in 2006, and have
established strong pipelines for the next year. I am pleased to report that
sales of the traditional NonStop products increased by 7 per cent and sales of
the new product lines increased by 36 per cent.
"The strong performance in the second half reflects the
positive impact of the organisational changes we made during the first half.
With continued investment in R&D and sales, I expect the momentum to
continue."
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