Ann: Preliminary Final Report-ASW.AX, page-2

Well, my guess of $1.7m NPAT and $0.02 final dividend for 2016 was way too low.

The final figures are:
Revenue: $6.2m up 17% from $5.3m
NPAT: $1.853m up 24% from $1.493m
Final dividend: $0.0225 up 32% from $0.017
Full year dividend: $0.0425 up 15% from $0.037

And as usual, operating cash flows is higher than NPAT, which enables them to fund any needed investing activity without affecting their high dividend payout.

Capital investment this year is the purchase of a smaller Sydney office, with the previous owned Sydney office turned into an investment rental property.

ASW is a nice little cash generating machine. With the founder Kim Chong at the helm, every cost item is carefully monitored. It might not double in value in a short period of time, but it is also unlikely to go under.