Computershare FY profit drops 10%

Company News

Computershare Limited (ASX:CPU) says it full year net profit dropped 10.4 per cent to $264.09 million.

The share registry says it was weighed down by weaker corporate activity globally and softer growth from the US and UK.

Revenue remained steady with the year before at $1.604 billion.

Looking ahead, Computershare says it is cautious about guidance as the impact and duration of current market volatility is unclear.

A 60 per cent franked final dividend of 14 cents per share has been declared, which remains unchanged from 2010.

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