Computershare rises 5.7% on guidance upgrade

Company News

by Anna Napoli

Computershare (ASX:CPU) has reported its profit after tax (NPAT) increased 52 per cent to $259.3 million for the first half of 2019 when compared to the prior corresponding period.

Revenue decreased over the six month period, falling 0.2 per cent on the same time last year to $1.12 billion.

The company says US revenue declined as corporate actions that occurred in the first half of 2018 were not repeated in the first half of 2019.

Its earnings (EBITDA) increased by 14.3 per cent on the prior year, to $335.4 million.

The company declared a dividend per share of 21 cents.

Computershare now expects Management EPS for FY19 to increase by around 12.5 per cent on FY18, an increase of 2.5 per cent on its November guidance figure.

Shares in Computershare (ASX:CPU) are trading 5.73 per cent higher to $18.82.