Computershare Ltd
(ASX:CPU) says it is expecting a 5 to 10 per cent fall in management earnings per share in the current financial year.
The share registry has also cautioned that a fall in transaction activity in the second half of the last financial year had continued.
Speaking at the company’s annual general meeting, chief executive Stuart Crosby says there has been much talk of mergers and acquisitions, but nothing has come to fruition that will result in meaningful revenues for Computershare.
Looking forward Mr Crosby says the company will be focusing on lifting its market position through investing in service and product improvements as well as continuing to seek acquisitions and growth opportunities.
Computershare improved its net profit to $353.6 million in the 2010 financial year.
