Thursday, 23 August 2012 – Sydney – International automotive software developer, Infomedia Ltd (IFM) today released its 2012 financial results. The Company reports net profit after tax (NPAT) of $8.461m which is at the upper end of previously advised guidance.
Sales revenue was $45.7m against $44.1m for the previous financial year. The increase was driven by growth in all product lines including $1.2m of sales obtained through the acquisition of Different Aspect Software Ltd earlier in the year.
In constant currency terms, sales revenue rose by $3.5m and operating costs increased $2m. The impact of foreign currency translations was significant and net profit was reduced by $1.6m.
All products lines saw constant currency sales growth during the 2012 financial year with revenue from Superservice being the major contributor, increasing by $2.7m.
Cash flows from operations reduced from $11.3m (in the previous corresponding period) to $9.7m primarily due to currency impacts.
The Company is pleased to announce a fully franked final dividend payment of 1.37 cents. This, together with the fully franked interim dividend of 1.03 cents, results in a fully franked dividend of 2.4 cents for the full year. The record date to determine entitlements to the dividend distribution is 5 September 2012 and the date on which the dividend is payable is 19 September 2012.
With regards to FY 2013, the Company expects sales growth in both constant currency and actual reported revenue. Accordingly, the Company anticipates its 2013 financial year sales revenue to be between $47m and $50m. However, increased amortisation of approximately $2m due to the continued release of its next generation products, coupled with the relative strength of the Australian dollar, results in forecasted net profit after tax of between $8m and $9m.
