Software and accounting company Reckon Ltd
(ASX:RKN) has today posted a 20% boost in annual profit and announced it will buy back up to 10% of its shares.
Reckon reported a profit of $13.6 million for the 2009 calendar year, compared to $11.3 million in 2008.
CEO Clive Rabie says the company managed to return an excellent result despite having a tough year in 2009.
The share buy back will commence on February 20 as part of Reckon’s strategy to manage its capital base.
In 2008, Reckon paid shareholders a total of 6 cents in dividends.
