The Directors of Countplus Limited (CUP) report a half year Consolidated Net Profit after Tax result of $6.78 million (up 12.5%) of which $6.73 million is attributable to CUP shareholders (up 12.9%). After excluding the negative contribution of a subsidiary divested at the end of the period (see section 5), group operating profit (EBITA) increased by 12.8%, benefiting from an increase in accrued “loyalty” payments from the Commonwealth Bank of Australia (CBA) to CUP Member Firms who are franchisees of CBA subsidiary, Count Financial Limited. The result reflects the continued challenging conditions for small and medium sized businesses, the core client base of the accounting and business services area.
The Company yesterday declared its third quarterly dividend for 2013/14 of 3 cents per share fully franked, payable on 15 May 2014.
Countplus is an aggregation of 20 businesses and their subsidiaries across Australia; 17 accounting/business advisory firms, one financial planning specialist, a property services group and a financial planning dealer group. The Company listed on the ASX on 22 December 2010.
A recorded presentation of the Countplus December 2013 half-year results, presented by the Chairman and CEO, will be accessible via Board Room Radio.
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