MYOB narrows loss

Company News

MYOB Group Limited (ASX:MYO) has recorded a net loss of $42.25 million for the 12 month period ended 31 December 2015.
 
The net loss narrowed 41 percent from $71.6 million a year prior.
 
The accounting company recorded a 14.1 percent rise in revenue to $327.8 million, from $287.23 million.
 
Chief Financial Officer Richard Moore said MYOB delivered double digit pro forma revenue, EBITDA and NPATA growth, all exceeding IPO forecasts.

For FY16 the company expects revenue growth to continue in line with historical trends and EBITDA margin to remain within the 45-50 percent range.
 
MYOB will pay a final dividend of 5 cents per share.

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