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MYOB announced its half year results for the six-month ended 30 June 2018, posting 7% growth in revenue to $218.5 million. Online subscribers increased to 492,000 with year-on-year change of 61% on previous corresponding period.
Net profit after tax plunged 10% to $25.3 million while underlying EBITDA increased 3% on 1H17. NPATA was $45.6 million, 6% lower than the 1H17, with associated NPATA earnings per share of 7.7 cents, 5% below prior year.
The Board has declared an interim dividend of 5.75 cents per share, payable on 18 October 2018. This reflects a payout of 75% on 1H18 NPATA.
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In the first half of 2018, the company has launched new online tool called MYOB Advisor, which uses AI and Natural Language Generation to kick start the conversation between accountant/advisers and their clients and help support their needs.
MYO share price slipped 2.244% to $3.050 on 24 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 companyâs prospect.
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