A good result, but no big divvy, as good as debt free though almost
EBITDA of $32.3m (organic growth of 32% on the prior corresponding period), NPAT of $20.2m (up 42% pcp), Revenue of $186m (down 4% pcp). EBITDA includes legal costs in relation to the Tenix dispute of $1m Diluted EPS of 21.8 cents (up 37% pcp) Final fully franked dividend of 4 cents, total dividend payout for the year 6.5 cents (up from 2.25c pcp) Operating cash flow of $20.6m, with net debt further reduced to $9m ($23m pcp) debt is forecast to be eliminated in CY2010 Ended June 2010 with 1,155 staff (down 2 pcp). India at 120 staff (up 10 pcp) Significant market share gains in Sydney and Brisbane Entered FY2011 with booked and committed revenue at 45% of FY2011 full year budget Strengthened strategic vendor relationships with Microsoft, SAP, Oracle and IBM Continued focus on larger and longer projects and use of offshore capability Continued focus on project quality and governance processes has reduced risk and improved project profitability
OKN Price at posting:
$3.00 Sentiment: None Disclosure: Not Held
