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OBJECTIVE CORPORATION LIMITED — Earnings Release 2014
Jul 8, 2014
65478_rns_2014-07-08_8acba7f6-624c-403f-90c5-38697e2d9414.pdf
Earnings Release
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9 July 2014
MARKET UPDATE - PRELIMINARY FINAL RESULTS FY2014
Objective Corporation (ASX:OCL) today announced preliminary final results for FY2014, which remain subject to audit.
Revenue increased by 18% to $48.6m (FY13: $41.0m) and net profit after tax (NPAT) increased by 46% to $5.7 million (FY13: $3.9 million) for the year ended 30 June 2014.
Asia Pacific revenue grew by 20% to $40.3 million (FY13: $33.5 million). European revenue grew by 15% to $7.6 million (FY13: $6.6 million).
Objective’s statement of financial position remains very strong. At 30 June 2014 the company had cash and cash equivalents of $15.0 million with no external borrowings.
FINANCIAL SUMMARY
| Results summary for | FY2014 | FY2013 | Change |
|---|---|---|---|
| year ended 30 June | $m | $m | (%) |
| Revenue | 48.6 | 41.0 | 18 |
| EBITDA | 7.1 | 4.1 | 75 |
| Net profit after tax | 5.7 | 3.9 | 46 |
| Asia Pacific revenue | 40.3 | 33.5 | 20 |
| European revenue | 7.6 | 6.6 | 15 |
| R & D (fully expensed) | 9.7 | 9.4 | 4 |
| Earnings per share | 6.0 cps | 3.9 cps | 54 |
Directors anticipate paying a fully franked final dividend.
Mr Tony Walls, CEO, Objective Corporation said: “Given our long term commitment to R&D and execution excellence, our FY2014 results serve as evidence of our ability to deliver a return on investment in our people and the solutions we build for our valued customers”.
“During the year, the company made progress in all major revenue lines and we fully expect to continue this momentum into the 2015 financial year.”
Further commentary will be provided with the audited financial results.
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PRESS RELEASE | 9/07/2014 PREMLINERY FINANCIAL RESULTS FY2014 – MARKET UPDATE
ABOUT OBJECTIVE CORPORATION
Objective Corporation (ASX:OCL) is an established leader and specialist provider of content, collaboration and process management solutions for the public sector and regulated industries. Its solutions empower effectiveness, efficiency and transparency, helping organisations deliver better customer outcomes at a lower cost.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Objective Corporation Ph: +61 2 9955 2288 Fax: +61 2 9955 5011 Email: [email protected]
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