Computershare sees strong HY and upgrades full year guidance

Company News

by Anna Napoli

The investor service and share registry provider, Computershare (ASX:CPU) has reported it net profit (NPAT) rose about 14 percent to $171 million for year ended 31 December 2017 compared to the same time last year.

Revenue for the company rose about 11 percent to $1.1 billion

Its earnings before interest and tax depreciation and amortization (EBITDA) increased 20 per cent on the prior corresponding period to about $290 million.

On the back of its stellar results management upgraded its full year earnings per share guidance by 12.5 per cent. The company says its bolstered results came on the back of a number of things including its corporate actions.

The company declared an interim dividend of 19 cents per share up 12 per cent

Shares in Computershare (ASX:CPU) are trading 6.4 per cent higher to $17.55.