Appen Limited’s (ASX: APX) revenue doubled in first half year ended 30 June 2018, recording increase of 106% to $152.8 million compared to previous corresponding period. It is mainly due to Leapforce acquisition as well as organic growth in company’s Language Resource division and Content Relevance division.
This machine learning software company has outlined 73% growth in statutory net profit after tax of $14 million on the back of high EBITDA margins and strong growth in organic revenue during 1H18. Interim dividend of 4 cents per share was declared during the first half year 2018, payable on 21 September 2018. This fully franked interim dividend is 33% more of what company has paid in 1H17.
Earnings before interest tax, depreciation and amortization for the year ending 31 December 2018 is expected to be in the range of $54 million to $59 million.
After releasing tremendous growth driven by the acquisition of its competitor and expansion of work with current customers, Appen Limited surged 4.844% to $14.825 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.