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FSA GROUP LIMITED — Earnings Release 2011
Aug 29, 2011
64948_rns_2011-08-29_79524e29-d9b9-4011-bdbc-496f01c97e57.pdf
Earnings Release
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FSA GROUP LIMITED
30 August 2011
FY2011 Results Announcement
FSA Group is pleased to announce its final result for the 2011 financial year which included revenue of $54.1 million and a record profit after tax attributable to members of $9.0 million.
Mr Sam Doumany, FSA Group Chairman said "We thought 2011 would be another year of uncertainty in Australia and overseas so we made the decision to stay closely connected to our customers' needs and to focus on operational efficiencies and productivity gains. This led to a year of steady growth and pleasing achievements. We have delivered a record profit of $9 million and have declared a maiden fully franked dividend of one cent per share. During the year Westpac Banking Corporation increased and renewed our funding facilities and we secured additional funding from Bendigo and Adelaide Bank. We are in a strong financial position to expand our operations and to take advantage of opportunities that may arise.”
| Financial Overview | FY2010 FY2011 % Change |
|---|---|
| Revenue and Income Profit Before Tax Profit After Tax (Attributable to Members) Net Assets NTA Backing/share EPS basic |
$50.8m $54.1m Up 7% $12.9m $15.3m Up 19% $7.5m $9.0m Up 20% $44.8m $54.6m Up 22% 28.4c 34.9c Up 23% 5.82c 6.51c Up12% |
Dividends
The Directors have declared a maiden fully franked dividend of one cent per share, with a record date of 13 September 2011 and payable on 30 September 2011.
Don Mackenzie Company Secretary
FSA Group Limited Head Office Level 3, 70 Phillip Street Sydney, NSW, 2000
Phone: (1300) 660 032 Fax: (1300) 660 050 info@fsaFSA Group.com.au
ASX Code: FSA