Infomedia Limited’s stock skyrocketed on strong outlook for FY 19

Strong Outlook for FY 19: Infomedia Limited’s (ASX: IFM) stock skyrocketed 23.737% on August 15, 2018, before market close as the company for FY 18 delivered 3.5% increase in revenue to $72.9 million, 7.9% rise in Net profit after tax (NPAT) to $12.9 million and 15.2% rise in earnings before interest tax depreciation and amortisation (EBITDA) to $29.1 million. The company has declared a fully franked final dividend of 1.70 cents per share, which is an increase of 41.7%.

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Moreover, for FY 19, IFM expects a significant rise in Cash EBITDA in FY19 due to strong top-line growth and disciplined cost management. Additionally, IFM’s financial position remains strong with net current assets of $11.5 million at 30 June 2018 (FY17: $13.5 million). The cash and cash equivalents position at  the end of the year is $13.3 million (FY17: $13.3 million) reflecting the robust cash generative nature of the business. The company has no debt  on books.

There has been a positive momentum shift in revenue and new recurring revenue from contract wons has been supporting the position. IFM is also focusing on acquisitions and is looking for opportunities to expand its market reach.

As a result, IFM stock has risen 12.50% in three months as on August 14, 2018.

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