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Servcorp Provides Full Year Results

23 Aug 2017  |  10:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Full Year Results - Market Announcement

Servcorp announced a net profit after tax of $40.7m for the 12 months ended 30 June 2017. Revenue up 0.3% to $329.6m; up 2.7% in constant currency terms. Several regions performed ahead of forecast, however the Consolidated Entity's overall performance for the year was impacted by underperformance in New York City. Unencumbered cash of $107.9m positions the Company to take advantage of opportunities should they arise, particularly in turbulent markets. The Directors of the Company have declared a final dividend of 13.00 cps, with a record date of 6 September 2017 and payable on 5 October 2017. The dividend will be 50% franked. There is no foreign conduit income attributed to the dividend.

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