Gentrack records revenue and profit increases in FY2017

Company News

by Kathy Skantzos

Software company Gentrack (ASX:GTK) has reported revenue and profit both up 43 per cent for the FY2017 year, with revenue hitting NZ$75 million and EBITDA reaching just below NZ$24 million.

Excluding the mid-year acquisitions of Juniper Systems, Blip Systems and CA Plus, organic revenue was 18 per cent higher and EBITDA was up 24 per cent.

The provider of software to utilities and airports added 12 new utility customers and nine new airports over the year.

The full dividend is 8.5 cents per share, bringing the full year dividend to 12.7 cents per share, which is 6.7 per cent higher than the previous year, representing a total payout of NZ$10.2 million.

The company is working on business development opportunities in south-east Asia after moving its headquarters to Singapore.

Shares in Gentrack (ASX:GTK) are trading 0.7 per cent higher to $5.65.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.