Altium delivers record revenue growth of 30 per cent

Company News

by Anna Napoli

Software design company Altium (ASX:ALU) has reported its net profit after tax (NPAT) rose about 51 per cent to US$15 million  for the half year to December 2017.

In more good news for the company, it delivered record revenue growth of 30 per cent on the same period the previous year to US$63 million.

Altium’s earnings (EBITDA) margin also increased to 30 per cent up from 26 for the same time last year.

The company declared an interim dividend 13 Australian cents.

Shares in Altium (ASX:ALU) closed 0.27 per cent higher yesterday to $14.90.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.