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- Release Date: 01/05/14 18:55
- Summary: FORECAST: FIN: Update on FY14 Full Year Result (unaudited)
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FIN
01/05/2014 16:55
FORECAST
REL: 1655 HRS Finzsoft Solutions Limited
FORECAST: FIN: Update on FY14 Full Year Result (unaudited)
1 May 2014
Announcement
FINZSOFT SOLUTIONS UPDATE ON FY14 FULL YEAR RESULT (UNAUDITED)
AUCKLAND 1 May 2014 - Finzsoft Solutions (NZX:FIN) Finzsoft has performed
strongly for the year ended 31 March 2014 based on its unaudited financial
statements, with:
1. An increase in Total Revenue in excess of 5 percent;
2. An increase in Net Profit after Tax in excess of 75 percent; and
3. An increase in EBITDA in excess of 65 percent,
in comparison with the financial year ended 31 March 2013.
The Auckland based banking and finance software company that provides
software and solutions to service banks and financial institutions, said
increased investment by its customers on Finzsoft's products to enhance their
existing systems and introduce new ecommerce services, including both mobile
and tablet, was behind the result.
Finzsoft Managing Director, Andrew Holliday said there had already been a
strong start to FY15 with the announcement that it had received the first
material work orders from long-term client, St George Bank in Australia to
assist with the integration of the Auto and Equipment Finance business of
Capital Finance Australia Limited (CFAL) acquired from the Lloyds Banking
Group Australia.
Andrew Holliday reconfirmed the company's strategy of focusing on known
revenue opportunities in Australia and New Zealand and tightly managing
costs, whilst continuing with investment in research and development and
growth opportunities in Asia.
"To remain a market leader in banking software, Finzsoft continues to invest
heavily in research and development of its Sovereign banking software to
provide our customers and their customers with the latest financial
technology."
Finzsoft has offices in Auckland, Singapore, Malaysia and Australia and
employs over 40 staff. Since its launch 25 years ago, the company has become
a leading provider of software for banks and financial institutions in
Australasia.
For more information please contact:
Andrew Holliday
Managing Director
Finzsoft
Mobile: 021 355 492
Email:[email protected]
End CA:00250018 For:FIN Type:FORECAST Time:2014-05-01 16:55:56
