Computershare Ltd
(ASX:CPU) has reported a 15% increase in net profit to $295 million for the 2009-10 financial year.
The company says total revenue grew 7% from the year before, to $1.6 billion, while operating cash flows were up 21.4% to $414.5 million for the year to 30 June.
A final dividend of 14 cents per share, 60% franked, has been declared, up 3 cents on the final dividend the year before. Computershare says that it will be hard to match the earnings per share result in the following year, and in the absence of a pick up in transactional opportunities or a material acquisition, the company anticipates a 5-10% drop.
Overall the company says the full fiscal year results continued robust cash generation and achieved an excellent result in a difficult environment.
Computershare reported a $315.18 million profit for the year to 30 June 2009.
