Adacel Technologies Limited Witnesses PBT growth of 29.8% in FY18

  • Aug 27, 2018 AEST
  • Team Kalkine
Adacel Technologies Limited Witnesses PBT growth of 29.8% in FY18

PBT grows by 29.8% in FY 18: Adacel Technologies Limited’s (ASX: ADA) stock rose 1.8% on August 27, 2018 after the company for FY 18 delivered 29.8% rise in Profit before tax (PBT) to A$10.2 million and 25% growth in revenue from continuing operations.

The company is engaged in developing and selling simulation and software applications and services for the civil and military aerospace sectors in the United States, Canada, and Australia. ADA has declared a final ordinary dividend for the year 2018 of 2.5 cents per share (unfranked) and a special dividend of 5.0 cents per share (unfranked), which takes the total dividends for the year to 9.5 cents per share. Meanwhile, ADA stock has fallen 2.64% in three months as on August 24, 2018 and is trading at a P/E of 14.55x.

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