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- Release Date: 14/11/12 10:44
- Summary: QUARTER: DIL: 10-Q Report for the period(3rd Quarter) ending 30 September
- Price Sensitive: No
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DIL
14/11/2012 08:44
QUARTER
REL: 0844 HRS Diligent Board Member Services INC (NS)
QUARTER: DIL: 10-Q Report for the period(3rd Quarter) ending 30 September
10-Q Report for the period (3rd Quarter) ending 30 September 2012
Diligent Board Member Services, Inc. is subject to regulation by the US
Securities and Exchange Commission (SEC). In order to comply with SEC
regulations, Diligent is required to file quarterly financial reports on Form
10-Q and file annual reports on Form 10-K. The September 2012 Form 10-Q has
now been filed with the SEC and is contemporaneously being filed with this
announcement.
Reporting Period: Nine Months to 30 September 2012
Amount (USD000s)
Revenue from ordinary activities:
2012 US$ 30,163 2011 US$ 11,468
Operating profit (loss) from ordinary activities:
2012 US$ 8,005 2011 US$ (119)
Profit (loss) from ordinary activities after tax
attributable to security holders:
2012 US$6,261 2011 US$ 1,146
Net profit (loss) attributable to security holders:
2012 US$ 6,261 2011 US$ 1,146
COMMENTARY
For the quarter ended 30 September 2012, Diligent produced revenues of
US$11.8 million, which is an increase of 145% compared to the same quarter a
year ago. As evidence of the continued scale and success of its business
model, Diligent achieved its highest Gross Profit and Adjusted EBITDA margins
of 78% and 40%, respectively, for the quarter. These rapid margin expansions
demonstrate the internal operating leverage in the Diligent business model.
The senior management of Diligent would also like to take this opportunity to
publicly thank the entire Diligent team on their exceptional perseverance and
outstanding performance during the period that Hurricane Sandy caused massive
damage and disruption throughout the northeast coastal region of the United
States. Despite the magnitude of the disaster and its adverse effects, in
particular on the greater New York City area, Diligent took full advantage
of its global presence while executing its disaster recovery plan, enabling
it to continue to provide its customary high level of support and services to
its clients. While this event personally affected many of the US-based
employees and their families, it validated the commitment of its employees
and the company's overall business continuity plan.
Lastly, the Board of Diligent has begun working with external financial
advisors in the US to assist it with considerations of dividend policy and
related capital market matters. The market will be informed of any decision
of the Board following the conclusion of the review.
For additional information on Diligent's Form 10-Q filing or other related
questions, please contact Steve Ruse at [email protected] or to download
the full PDF version of the Form 10-Q, go to
http://www.boardbooks.com/diligentbooks/us-filings.shtml We will also be
posting an Investor Analyst Presentation shortly.
End CA:00229692 For:DIL Type:QUARTER Time:2012-11-14 08:44:45
