Bravura Solutions see NPAT rise up 21%

Company News

by Rachael Jones

Bravura Solutions (ASX:BVS) today announced its full-year results for the period ended 30 June 2019, showing group FY19 NPAT increased 21 per cent to $32.8 million from $27.0 million in FY18.

Group FY19 revenue increased 16 per cent to $257.7 million from last year's $221.5 million.

Group FY19 EBITDA increased 27 per cent to $49.1 million.

Meanwhile, the company are set to acquire Midwinter – a cloud based SaaS provider, for $50 million.

Shares in Bravura Solutions (ASX:BVS) are trading 8.53 per cent lower at $4.29.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.