Class Limited’s share price snubs its falling streak

  • Sep 10, 2018 AEST
  • Team Kalkine
Class Limited’s share price snubs its falling streak

Class Limited’s share price continues to recover from recent past sell-down. The stock has surged by 2.32% to $1.985 as on 10 September 2018 (6:27 PM AEST). Since the start of fiscal year 2019 the stock of financial services provider Class Limited (ASX: CL1) has been mostly seen in the red. The company’s share price has fallen by 17.29% over the past two months.

In FY18 full year results, the company posted 9% increase in net profit after tax to $8.7 million on the back of 18% rise in revenue. Company has achieved operating revenue of $34 million driven by increased market share in SMSF software. Earnings before interest, tax, depreciation and amortization (EBITDA) increased 14% to $15.9 million in the year ended 30 June 2018. 

The Board of Directors have declared a fully franked interim dividend of 2.5 cents per share, paid on 7 March 2018. Earnings per share was 7.4 cents, up 8% compared to previous corresponding year.

Further, the company notified that the 2018 Annual General Meeting would be held on 15 October at Sydney, New south Wales.

The stock has seen a negative performance change of 42.26% over the past one year.

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