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RECKON LIMITED Earnings Release 2010

Aug 9, 2010

65708_rns_2010-08-09_dbbe69a6-350b-456b-99e7-e66c3e71e5cb.pdf

Earnings Release

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Appendix 4D

Half Year Ended – 30 June 2010

  1. Reckon Limited (ACN 003 348 730) results for the half year ended 30 June 2010

  2. Results for announcement to the market

2010 ResultHalf year 2009 ResultHalf year % Change Amount ofChange
GroupRevenue(from ordinaryactivities) $46.5 million $43.3 million 7% increase $3.2 million
GroupEBITDA $15.3 million $11.8 million 30% increase $3.5 million
Group NPAT $8.8 million $6.1 million 44% increase $2.7 million
EPS 6.3 cents pershare 4.6 cents pershare 37% increase 1.7 cent pershare

Please refer to the Review of Operations within the Directors’ Report for an explanation of the results.

3. Net tangible assets

The net tangible assets per security as at 30 June 2010 are negative 0.4 cents per share (2009: negative 3.3 cents per share).

  1. Details of entities over which control has been gained or lost during the period

Not applicable.

5. Dividends

The Board has declared an interim, dividend of 3.5 cents per share, franked to 90% (2009: interim, fully franked dividend of 3 cents per share). This represents an increase of 17% over the previous corresponding period. The interim dividend will be paid to shareholders recorded on the Company’s Register as at record date of 24 August 2010 (see following announcement). The dividend is payable on 10 September 2010. The unfranked portion of the dividend is declared to be conduit foreign income. Australian dividend withholding tax is not payable by non-resident shareholders on the unfranked portion of the dividend sourced from conduit foreign income.

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  1. Dividend reinvestment plans

Not applicable.

  1. Details of associates and joint venture entities

None for the period reported.

8. Foreign accounting standards

Not applicable.

9. Audit

This report has been reviewed (not audited) by the Company auditors and is not subject to any dispute or qualification.

Clive Rabie

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Director, Group CEO 10 August 2010