Gentrack Group Ltd (ASX: GTK) (NZE: GTK) reported its six-month interim financial result to 31 March 2018 today.
Gentrack describes itself as a leading provider of software solutions for utilities and airports.
Here are some of the news highlights from the report, all figures are in NZ dollars:
- Revenue growth of 80% to $52 million
- Day to day trading profit, or EBITDA, up 80% to $15.9 million (click here to learn what EBITDA means)
- Net profit up 50% to $8.4 million
- Dividend up 19% to 5 cents per share
Gentrack has made a number of acquisitions recently, including Junifer, Blip and CA+. These purchases contributed to the result and Gentrack said it made good progress with the integration of the businesses.
Management also gave comparisons against the second half of last year’s result, as this half actually included the acquisitions but the first half of last year didn’t. Doing this comparison showed revenue increased by 12%, EBITDA increased by 6% and net profit increased by 34%.
Looking ahead, Gentrack provided guidance for the second half’s EBITDA result. It said EBITDA will be similar to the first half due to the timing of key contract wins and project milestones. The company maintains its 15% long term annual EBITDA growth objective.
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