– Net Profit before Tax: $15.25m (up 2%)
– Earnings per Share: $10.14 cents (up 2%)
– 2c Interim Quarterly Dividend Declared
– New direct equity plan to principals and employees
The Directors of Countplus Limited (CUP) report Consolidated Comprehensive Income after Tax of $11.31 million of which $11.13 million is attributable to CUP shareholders.
Late negative accounting provisioning adjustments meant we did not achieve our profit guidance.
This morning the Company will declare its first quarterly dividend for 2014/15 of 2 cents per share fully franked, payable on 17 November 2014. The dividend is down from 3 cents due to a strategic change in dividend policy – see 6.3 below.
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.
Countplus Member Firms have successfully completed “tuck-in” acquisitions and more investments during the year. These are disclosed below in sections 4.1 and 4.2.
A recorded presentation of the Countplus annual results, presented by the Chairman and CEO, will be accessible via Board Room Radio later today.
