MYOB Group Limited
(ASX:MYO) has announced a 14 per cent uplift in revenue to $204M for the six months to June 30 2017, compared to the prior corresponding period.
Recurring revenue for the period remained strong at 96 per cent, driven by the SME segment.
Underlying EBITDA was up 9 per cent to just shy of $90M while Net Profit After Tax grew 13 per cent to $28.3M.
The growth outlook for FY17 remains strong, with CEO Tim Reed projecting a revenue growth rate of between 13 and 15 per cent.
An interim dividend of 5.75 cents per share has been announced.
Shares in MYOB Group Limited
(ASX:MYO) are trading about 0.59% lower at $3.39.
