Hansen Technologies Limited (ASX: HSN) announces confirmation of a record operating performance for the fiscal year ended 30 June 2010.
The Directors are also pleased to declare a final dividend for the fiscal year;
- of 3 cents per share fully franked,
- bringing the total fully franked dividend for the year to 5 cents per share.
- the final dividend is scheduled for payment on 27 September 2010 with a Record date of Friday 10 September 2010.
- For the purpose of the Company's Dividend Reinvestment Plan the share application price for this dividend will be subject to a 5% discount.
Hansen's Chief Executive, Andrew Hansen said, "I am pleased to be announcing our 4th year of consecutive year on year growth in operational performance. The strong performance of the first half year has continued throughout the second half, with the full year's results highlighted by;
- Operating revenue of $57.8 million, up 6%
- Earnings before interest, tax, depreciation and amortisation (EBITDA)
- $17.2 million, an increase of 20%.
- representing a return on revenue of 30%
- After Tax Profit of $11.1 million or 7.2 cents per share.
With an EBITDA to revenue ratio of 30%, we are positioned at the high end of operating performance for an IT business. Our products are targeted at industries undergoing technological and structural change which we are ideally suited to support. We have an excellent customer base with strong annuity revenue streams. Our balance sheet is strong with a solid level of cash reserves.
This past year we have made strategic investments in our future:
- We have invested substantially in improving our internal processes to deliver both short and long term efficiencies in our software development and support activities
- Increased our sales and marketing commitment in both the Energy and Telecommunications industries in our core geographies as well as investing in new geographies to generate partnering opportunities.
- Enhanced our products and services to deliver the solution requirements of billing systems arising from the development in energy metering technology and energy grid optimisation initiatives.
- Completed the full integration of the Peace Software business acquired in October 2008 while optimising the Hansen and Peace Software development methodologies.
- Advanced our relationships with key existing customers world-wide resulting in a number of major new projects being undertaken
Accordingly in my opinion we are ideally positioned for growth in the coming years. I am genuinely excited about our company's prospects".
Key Indicators: Results from Continuing Operations for the year to 30 June |
2010
$A million
|
2009
$A million
|
|
Total revenue
|
57.8
|
54.3
|
|
EBITDA
|
17.2
|
14.3
|
|
Profit before tax
|
14.0
|
10.9
|
|
Income tax expense
|
(2.9)
|
(2.8)
|
|
Net profit after tax
|
11.1
|
8.1
|
NOTE: Shareholders wishing to participate in the Dividend Reinvestment Plan need to have lodged the required DRP Notice with the Company's Share Registry by no later than 5.00pm on the record date, 10 September 2010.