Ann: HALFYR: FIN: Half Year Result Position

• Release Date: 28/11/14 16:32
• Summary: 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