Business
Computershare (ASX:CPU) share price on watch after better than expected half year result
The Computershare Ltd (ASX: CPU) share price will be on watch today following the after-hours release of its half year results on Tuesday.
How did Computershare perform in the first half?
Computershare had a very difficult six months due to the impact that record low interest rates had on its margin income.
For the six months ended 31 December, the company reported a 3.2% decline in management revenue to $1.1 billion and a 52.4% tumble in margin income to $55.2 million.
This ultimately led to the company’s management net profit after tax falling 25% to $117.8 million and its earnings per share falling 24.8% to 21.8 cents per share.
Despite this sizeable decline in earnings, the Computershare board has maintained its fully franked…
-
Noosa News21 hours agoBondi Beach terror attack: Police investigate threat against Westfield North Lakes in Queensland
-
General21 hours agoGold, iron ore and population swell big state’s coffers
-
General20 hours agoPALM farm worker sentenced to eight years’ jail for raping teenager near Arrawarra
-
Noosa News20 hours agoAuditor-General warns worker shortages could jeopardise Queensland’s 2032 Olympic Games projects