Mcmillan Shakespeareâs net profit after tax fell 25.9% for the year ending 30 June 2018 but revenue from continuing operations rose 4.2%. Net profit from ordinary activities after income tax was $50.30 million including one-off payments in relation to transaction costs incurred in acquisitions. Subsequently, underlying NPAT was up 7.2% to $93.5 million.
There has been geographic expansion and UNPATA growth of 42.5% in the UK business which is mainly attributable to acquisitions made in the UK over the last 12 months. Australia and New Zealand has shown UNPATA growth of 17% driven by enhanced funding model and cost management. UNPATA was up 7.2% to $93.5 million in financial year ending 30 June 2018.[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
Carbon neutral certified, MMS has reported continued growth in customers and assets, which includes 18.7% growth in net amount financed of $2.8 billion in FY18. The units of assets managed increased to 42,750, up 2.3%, in fiscal 2018.
Underlying earnings per share continued to move on upwards trend as it increased by 8% to 113.2 cents in FY18. Earnings before interest tax, depreciation and amortization grew 4.4% to 143.4 million from 137.3 million in previous year.
The annual yield declared during the year was 73 cents including fully franked final dividend of 40 cents payable on 28 September 2018 with record date of 14 September 2018. This represents 10.6% of hike in total dividend as compared to previous yearâs yield. Capital and operational cost is expected to increase in FY19.
MMS share price sinked 3.932% to $15.150 on Wednesday 22 August 2018.
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