Shares in Computershare Limited
(ASX:CPU) have risen today despite it reporting a 40.8 per cent decline in its full year profit.
The share registry company generated a net profit of $156.5 million. Revenue for the year was boosted by 12.6 per cent.
The declines in profit was attributed to low business activity from its corporate actions and stakeholder relationship businesses.
Computershare does not expect material improvement to the current operating environment for its market related businesses but has forecast earnings per share growth of between 10 and 15 per cent next year.
