Talent2 net profit up 82pc to $6.8m for year17:33, Monday, 13...

Talent2 net profit up 82pc to $6.8m for year
17:33, Monday, 13 August 2007

Sydney - Monday - August 13: (RWE Australian Business News) -
Talent2 International Ltd (ASX:TWO) lifted net profit 81.9pc to $6.76m
in the year ended June 30 from $3.72m for the previous year.
Operating profit rose 90.6pc to $9.83m from $5.16m on revenues
up 54.1pc to $153.42m from $99.56m.
Basic earnings per share were 5.71c, up from 3.29c.
Final dividend has been increased from a partly franked 3c to an
unfranked 3.5c, payable on September 10 to shareholders registered
August 28.
Directors said the "exceptionally strong annual result"
reflected the business's ability to continue to grow rapidly whilst
generating strong cash-flows and maintaining healthy profit margins.
"I am delighted that our engines of growth continue to drive
financially rewarding outcomes for our shareholders," managing director
Mr Andrew Banks said.
"Even more pleasing is the growth has been mostly organic, and
is being led by our Managed Services business, which is the business's
annuity income stream."

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Reflecting its confidence in the future of the company, and its
current strong cash resources, Talent2 has started paying regular
dividends.
The company's dividend policy will be to distribute between 50pc
and 70pc of its after-tax profits.
"Our new dividend distribution policy will be accompanied by
continued growth," said Mr Banks.
"The company expects to grow very strongly over the next three
years, both organically and through acquisition, and because we are
emerging from the 'foundation stage' of our business model, fast growth
can now be achieved, together with strong cash-flow generation."