Bravura Solution today announced results for the full year ended 30 June 2018, posting 15% rise in revenue to $221.5 million which includes 26% rise in wealth management revenue driven by 32% growth in Sonata revenue.
Earnings before interest tax, depreciation and amortization increased to $38.6 million from $32.6 million in previous year. Reported net profit after tax increased 87% to $27 million underpinned by strong recurring revenue and continually evolving regulatory environment. Group’s underlying earning per share increased 27% to 12.6 cps during FY18.
The board has declared unfranked final dividend of 4.5 cents per share, bringing full-year dividend declared to 9 cents per share which reflects 71% payout on FY18 EPS. The final dividend is payable on 28 September 2018 with record date of 4 September 2018. Return on equity was 25%.
Looking into FY19, company is expecting EPS to be in the mid-teens ahead of having new sales opportunities and increased demand.
Following 2018 results announcement, Bravura share price edged up 6.667% to $3.840 on 28 August 2018.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.