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Strong Outlook for FY 19: Infomedia Limitedâs (ASX: IFM) stock skyrocketed 23.737% on August 15, 2018, before market close as the company for FY 18 delivered 3.5% increase in revenue to $72.9 million, 7.9% rise in Net profit after tax (NPAT) to $12.9 million and 15.2% rise in earnings before interest tax depreciation and amortisation (EBITDA) to $29.1 million. The company has declared a fully franked final dividend of 1.70 cents per share, which is an increase of 41.7%.
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]Moreover, for FY 19, IFM expects a significant rise in Cash EBITDA in FY19 due to strong top-line growth and disciplined cost management. Additionally, IFMâs financial position remains strong with net current assets of $11.5 million at 30 June 2018 (FY17: $13.5 million). The cash and cash equivalents position at the end of the year is $13.3 million (FY17: $13.3 million) reflecting the robust cash generative nature of the business. The company has no debt on books.
There has been a positive momentum shift in revenue and new recurring revenue from contract wons has been supporting the position. IFM is also focusing on acquisitions and is looking for opportunities to expand its market reach.
As a result, IFM stock has risen 12.50% in three months as on August 14, 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 companyâs 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. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
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