Strong revenue growth, profit margins and market share in FY 18: Class Ltd.’s (ASX: CL1) stock climbed up by 7.2% on August 21, 2018 (3:30 PM AEST) after the company for full year 2018 delivered 9% growth in net profit after tax, EBITDA margin of 47%, NPAT margin of 26% and a 14% rise in earnings before interest, tax, depreciation and amortisation ('EBITDA').
The total revenue for the year 2018 rose 18%, driven by the growth in billable accounts which increased by 25,469 in a year. At 30 June 2018, CL1 has posted total of 169,413 billable accounts compared to 143,944 in 2017, including 163,464 billable Self-Managed Super Funds (SMSFs) on the Class Super product. Class Super’s estimated share of the SMSF market at 30 June 2018 is approximately 27% with estimated total market 600,000 SMSFs. Class Portfolio had 5,949 billable accounts as at 30 June 2018 compared to 3,254 in 2017. 31% of Class Super subscribers are currently using Class Portfolio. Therefore, in 2018, there is more than 3% growth in estimated SMSF market share and more than 83% growth in Class Portfolio. Additionally, CL1 has declared a final fully franked dividend for FY18 of 2.5 cents, which is payable on 17 September 2018. The company’s outlook for FY 19 for SMSF growth is very positive. Meanwhile, CL1 stock has fallen 6.73% in three months as on August 20, 2018.
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