FIN 0.00% $1.13 finzsoft solutions limited

Ann: HALFYR: FIN: Half Year Result Position

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    					FIN
    28/11/2014 16:32
    HALFYR
    PRICE SENSITIVE
    REL: 1632 HRS Finzsoft Solutions Limited
    
    HALFYR: FIN: Half Year Result Position
    
    28 November 2014
    
    Announcement
    
    HALF YEAR RESULT POSITIONS FINZSOFT FOR RECORD FULL YEAR PROFIT
    
    The Directors of Finzsoft Solutions Limited are pleased to report on the
    Group's performance for the six months ended 30 September 2014.
    
    Finzsoft Group reports a net profit after tax of $2.023 million on revenue of
    $7.865 million. This half year result compares to a reported small loss after
    tax of $(0.063 million) and sales of $4.199 million for the same period of
    the prior year.
    
    The half year result reflects the acquisition of Sush Mobile effective 28
    August 2014, and includes the consolidated accounts of both businesses,
    reflecting one month revenue from the Sush operations. On a like for like
    basis, excluding any net profit after tax or revenue from Sush Mobile,
    Finzsoft Group reports a net profit after tax of $1.981 million on revenue of
    $7.603 million. As above, this compares to a reported small loss after tax of
    $(0.063 million) and sales of $4.199 million for the same period of the prior
    year.
    
    Finzsoft Managing Director Andrew Holliday said: "Based on the current
    contracted revenue and pipeline opportunities for the year ending 31 March
    2015, we will materially exceed our previous profit guidance of four times
    last year's profit result"
    
    In light of the excellent first half financial performance, as well as the
    expected full year financial results for the year ending 31 March 2015, the
    Board expect to announce that Finzsoft will pay an interim dividend.  The
    Board are meeting in early December to consider this matter and the decision
    on the interim dividend will be announced after that meeting.
    
    For more information please contact:
    Andrew Holliday
    Managing Director
    Finzsoft
    Mobile: 021 355 492
    Email: [email protected]
    End CA:00258273 For:FIN    Type:HALFYR     Time:2014-11-28 16:32:02
    				
 
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