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HANSEN TECHNOLOGIES LIMITED — Interim / Quarterly Report 2009
Feb 26, 2009
65073_rns_2009-02-26_3e9c76fe-a368-469c-b929-1e384b2c9a41.pdf
Interim / Quarterly Report
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HANSEN TECHNOLOGIES LTD ABN 90 090 996 455 AND CONTROLLED ENTITIES
HALF-YEAR INFORMATION FOR THE SIX MONTHS ENDED 31 DECEMBER 2008 PROVIDED TO THE ASX UNDER LISTING RULE 4.2A
This half-year financial report is to be read in conjunction with the financial report for the year ended 30 June 2008.
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Rule 4.2A.3
Appendix 4D Half Year Report for the six months to 31 December 2008
Hansen Technologies Ltd and its Controlled Entities
ABN or equivalent company ABN: 90 090 996 455 reference:
1. Reporting period
Report for the half year ended[ 31 December 2008 ] The previous corresponding periods are the financial year ended 30 June 2008 and the half year ended 31 December 2007.
2. Results for announcement to the market
| Revenues from continuing operations Net profit after tax from continuing operations Net profit after tax for the period attributable to members |
Up 23% to 23,946 Up 7% to 3,459 Down 72% to 3,459 |
|
| Dividends | Amount per security | Franked amount per security |
| Final dividend for the year ended 30 June 2008 | 1¢ | 1¢ |
| Previous corresponding period – Final Dividend | 1¢ | 0¢ |
| Payment date for the final dividend for the year ended 30 June 2008 |
17 October 2008 | |
| Interim dividend for the current fiscal year | 2¢ | 2¢ |
| Previous corresponding period – Interim Dividend | 4¢ | 0¢ |
| Record date for determining entitlements to the additional 2 cent dividendyet to bepaid |
12 March 2009 |
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Hansen Technologies Limited (ASX: HSN) is pleased to announce a record half year operating performance for the 2008/9 fiscal year with the financial highlights including:
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Revenue of $23.946 million, a 23% increase over the previous corresponding period (pcp),
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EBITDA increased to $6.423 million, a 5% increase on the pcp,
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Net Profit (from continuing operations) increased 7% over the pcp to $3.459 million,
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Total liquid assets of $27 million, and
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No third party debt.
The Directors of Hansen have declared a fully franked interim dividend of 2 cents per share to be paid on 26 March 2009 with a Record Date of 12 March 2009.
When announcing the first half years results Hansen’s Chief Executive, Andrew Hansen, said, “I am particularly pleased in the current uncertain economic climate to announce a continuation of a strong performance for our business.
Remaining debt free and cashed up in these difficult times positions Hansen extremely well to not only manage and readily fund our business growth, but to also prudently explore acquisition opportunities as they arise.
With the purchase of the Peace Software business in October 2008 we have delivered on our objective of growth through acquisition. The integration of the Peace Software business has so far proceeded according to plan. Since acquisition the business has been profitable.
We have substantially increased our Group’s presence on the world stage. Our combined Group is now positioned as the largest independent utility “meter to cash” software solution provider.
In the current uncertain global market it is prudent to anticipate a slow down in consumer spending. However I am cautiously optimistic we will maintain momentum into the second half “.
3. Net tangible assets per security
Net tangible asset backing per ordinary security
| Current period | Previous corresponding period |
|---|---|
| 10.6 cents | 15.2 cents |
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4. Details of entities over which control has been gained or lost during the period:
As notified to the Australian Securities Exchange (ASX), Hansen Technologies Ltd acquired 100% of First Data New Zealand Ltd., being the parent entity of those companies making up the business of Peace Software internationally, with effect from 17 October 2008.
The Peace Software utility customer information system business is complimentary to Hansen's existing utility billing business. The acquisition of the Peace Software business should
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increase Hansen's revenues by approximately 50%,
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increase Hansen's installed utilities billing customer base in Australia,
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represent a strong foundation market presence in the USA,
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add an additional utility billing customer in the UK,
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offer an extended product development capability in NZ,
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expand Hansen's proprietary utility billing solution suite of products for the benefit of the broad customer base, and
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represents a combined 300 staff specifically committed to providing solutions to the utilities industries.
5. Dividends
| . Dividends |
||
|---|---|---|
| One cent Final dividend – year ended 30 June 2008 Two cent interim dividend - half-year ended 31 December 2008 |
Date of payment | Total amount of dividend |
| 17 October 2008 | $1,526,544 | |
| 26 March 2009 | $3,057,271 |
Amount per security
| Amount per security | |||
|---|---|---|---|
| Amount per security |
Franked amount per security at 30% tax |
Amount per security of foreign sourced dividend |
|
| Total dividend paid:Current half-year to date Previoushalf-year |
1¢ | 1¢ | N/A |
| 4¢ | 0¢ | N/A |
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Total dividend on all securities
| otal dividend on all securities | ||
|---|---|---|
| Ordinary securities_(each class separately) Preference securities(each class separately) Other equity instruments(each class separately)_ Total |
December 2008 $A'000 |
December 2007 $A'000 |
| 1,527 0 0 |
6,029 0 0 |
|
| 1,527 | 6,029 |
6. Details of dividend or distribution reinvestment plans in operation are described below:
A Dividend Reinvestment Plan has been established to provide shareholders with the opportunity to reinvest dividends in new shares rather than receiving cash. The directors may alter, suspend or terminate the terms of the Dividend Reinvestment Plan at any time.
The last date(s) for receipt of election notices for participation in the dividend or distribution reinvestment 5 March 2009 plan
7. The financial information provided in the Appendix 4D is based on the half year condensed financial report (attached), which has been prepared in accordance with Australian equivalent to International Financial Reporting Standards (AIFRS).
8. Independent review of the financial report
The financial report has been independently reviewed. The financial report is not subject to a qualified independent review statement.
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