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IRESS LIMITED Earnings Release 2007

Feb 24, 2008

65141_rns_2008-02-24_356706bc-6640-4e71-b59e-ea929eae506a.pdf

Earnings Release

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25 February 2008

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The Manager Company Announcements Office Australian Stock Exchange 10[th] Floor, 20 Bond Street SYDNEY NSW 2000

ELECTRONIC LODGEMENT

Dear Sir or Madam

2007 Full Year Results – Appendix 4E

Please find attached a copy of the Appendix 4E for IRESS Market Technology Limited for the full-year ended 31 December 2007.

Yours sincerely

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Stuart Bland Company Secretary

A.B.N. 47 060 313 359

Corporate Office:

Level 18, 385 Bourke Street Melbourne Vic Australia Tel: (03) 9018 5800 Fax (03) 9018 5844

Sydney Office:

Suite 4, 14 Martin Place Sydney NSW Australia Tel: (02) 8273 7000 Fax: (02) 8273 7003

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Appendix 4E Preliminary Final Report

.Rules 4.1, 4.3

Appendix 4E Preliminary final report

Name of entity
ABN reference
IRESS Market Technology Limited
47 060 313 359

1. Reporting periods

Financial year ended Financial year ended (‘current period’) (‘previous corresponding period’) 31 December 2007 31 December 2006

2. Results for announcement to the market

$A’000

$A’000
KeyInformation Current Period Previous
Corresponding
Period
% Change
Increase/(Decrease)
Amount
Increase/(Decrease)
Revenue from ordinary
activities
135,447 94,837 42.82 40,610
Net profit/(loss) for the period
attributable to members
25,477 24,260 5.02 1,217
Dividends (distributions)
Final Dividend
Record Date
Payable
17 March 2008
28 March 2008
Amount per
security
16.0c
Franked amount per
security at 30% tax
16.0 c
Interim Dividend Paid 28 September 2007 10.0c 10.0c
Supplementary Comments of any figures above:
Please refer to the Audited Financial Statements for theyear ended 31 December 2007.

3. Income statement

Please refer to the Audited Financial Statements for the year ended 31 December 2007.

4. Balance sheet

Please refer to the Audited Financial Statements for the year ended 31 December 2007.

5. Statement of changes in equity

Please refer to the Audited Financial Statements for the year ended 31 December 2007.

6. Cash flow statement

Please refer to the Audited Financial Statements for the year ended 31 December 2007.

Appendix 4E Page 1

Appendix 4E Preliminary Final Report

7. Dividends

7. Dividends
Date paid/payable Amount per
security
Franked amount
per security at
30% tax
Amount per
security of foreign
sourced dividend
Final dividend:
Current year
Previousyear
28 March 2008
30 March 2007
16.0c
13.0c
16.0c
13.0c

Interim Dividend: Current year
Previousyear
28 September 2007
29 September 2006
10.0c
8.0c
10.0c
8.0c

Total dividend (distribution) per security (interim plus final)
+ Ordinary securities
Preference + securities
Total dividend (distribution)paid/payable (interim plus final)
+Ordinary securities (each class separately)
Interim
Final (a)
Preference + securities (each class separately)
Interim
Final
Other equity instruments (each class separately)
Interim
Final
Total
Currentyear Previousyear
26.0c 21.0c
Current period
$A’000
Previous
corresponding
period
$A’000
11,860
18,976
7,664
14,521
30,836 22,185




30,836 19,655

(a) The current period final dividend amount has been calculated based on the number of shares on issue as at 31 December 2007. The previous corresponding period final divided amount has been updated to reflect the actual dividend paid

8. Dividend Reinvestment plans

The +dividend or distribution plans shown below are in operation.

NIL

The last date(s) for receipt of election notices for the +dividend or distribution plans:

N/A

9. Statement of Retained Earnings

Please refer to note 20 of the Audited Financial Statements for the year ended 31 December 2007.

10. NTA Backing

10. NTA Backing
Current Period Previous
Corresponding
Period
Net tangible asset backing per +ordinarysecurity ($) 58.35c 31.97c

Appendix 4E Page 2

Appendix 4E Preliminary Final Report

11. Subsidiaries

Please refer to note 31 of the Audited Financial Statements for the year ended 31 December 2007.

12. Associates and Joint Ventures

Please refer to note 25 of the Audited Financial Statements for the year ended 31 December 2007.

13. Other Significant Information

Please refer to the Audited Financial Statements for the year ended 31 December 2007.

14. Foreign Entities

Please refer to note 31 of the Audited Financial Statements for the year ended 31 December 2007.

15. Commentary

15.1 Earnings per security

Please refer to note 5 of the Audited Financial Statements for the year ended 31 December 2007.

15.2 Returns to shareholders including distributions and buy backs

Please refer to the Audited Financial Statements for the year ended 31 December 2007.

Note 21 Dividends

Note 18 Issued capital

15.3 – 15.5 Significant features of operating performance

  • During the financial year, the profitability of the consolidated entity was impacted by:

  • continued organic revenue growth of the information services business in Australia and New Zealand, primarily from increased market data services for both IRESS and webIRESS, as well as sales of trading related systems and services, in particular IOS, IPS, FIX and ETCs;

  • continued strong growth in recurring subscription revenues for our Wealth Management product in Australia and New Zealand (Xplan and PlanTech), including positive earnings contributions from the VisiPlan business acquired in April 2007, and the Spotlight (RSA) business acquired in July 2007;

  • an increase in operating costs associated with headcount growth, particularly in the Wealth Management segment, to maintain client and product development, as well as increases in data provider and communication and technology fees;

  • a small negative contribution made by the Canadian operations, largely due to expenditure associated with scaling up network infrastructure, staffing levels and data fees in preparation for anticipated growth.

15.6 Other factors which have affected or likely to affect the results

Please refer to the Audited Financial Statements for the year ended 31 December 2007.

16. Compliance Statement

This report should be read in conjunction with the attached Audited Financial Statements for the year ended 31 December 2007.

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Sign here: (Company Secretary) Print name: STUART BLAND

Date: 25 February 2008

Appendix 4E Page 3