Gentrack announces positive financial results

Company News

by David Chau

Gentrack Group Limited (ASX:GTK) has today released its interim financial results to 31 March 2016.
 
The software solutions provider reported that its revenue was $21.7 million AUD.  The company says this is a 26% increase from the previous year’s first half results.
 
The company also says that its NPAT was $3.5 million AUD – again, an increase of 21% compared to the same period last year.
 
Gentrack says that cash generation remains strong and declared an interim dividend of 4 cents per share for FY2016.
 
The company says it expects EBITDA to be around $14 million, and that it will achieve around 20% revenue growth for the 2016 fiscal year.

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