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Company News Summary

CSG Announces FY2017 Half Year Results

20 Feb 2017  |  09:20:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY2017 Half Year Account Announcement

CSG announced its financial results for the half year ended 31 December 2016. The Company reported revenue of $120.7m representing 3% growth (pcp); Reported NPAT of $8.3m representing a 14% increase (pcp) and Underlying EBITDA of $14.1m representing a 18% decline (pcp). During 1H FY2017, the Company entered into an agreement with Officeworks to sell Technology as a Subscription which will increase the market adoption for its innovative technology solutions from FY2018 onwards. Forecast revenue will be in the range of $250 to 275m. This represents 1% to 12% growth on FY2016. The Board is not declaring an interim dividend in order to preserve maximum capital flexibility to accelerate growth.

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