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Company News Summary

Servcorp Provides Chairman's Address to Shareholders

08 Nov 2016  |  16:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Chairman's Address to Shareholders

Servcorp provided Chairman's address reporting that revenue for the year was $328.6m, an increase of 19% on 2015; net profit before tax was $48.8m, an increase of 19% on 2015, and above guidance; NPAT was $39.7m, with eps of 40.4c, an increase of 20% on 2015. Revenue and profit growth was achieved across most geographic segments. During FY16, the business generated record net operating cash surpluses of $60.6m, up slightly on 2015. The Co. paid a final dividend of 11.0cps, franked to 50%, bringing total dividends for the year to 22.0cps; a payout to shareholders of more than $21.6m. In FY16, the Company continued to expand organically, but with a measured approach. For FY17, the Co. aims to continued to consolidate and bring new locations to maturity.

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