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…