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Count profits up 118%, record dividend declared

16 Aug 2011
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Count Financial Limited (Count) provides the following update on its earnings and final dividend.

Subject to final audit, management confirms that Count will report Net Profit After Tax (NPAT) of around $52m for 2010/2011, up 118% on 09/10. When earnings are normalised to remove the fair value gains on Countplus of $37.1m pre-tax, NPAT is around $26m, up 8% on 09/10.

Operating profit (EBIT) for 2010/2011 will be around $25.5m, down less than 3% compared to the prior period.

Reported EPS growth for 2010/11 is expected to be around 115%, while normalised EPS growth will be around 6%.

The results are subject to final audit. Count will release its finalised annual results on 29 August 2011.

Final “Risk/Reward” Dividend

The Board of Count has today declared a fully-franked final “Risk/Reward” dividend of 4 cents per share. This brings the annual dividend to 10 cents per share, equal to Count’s previous record annual dividend. Based on current trading prices this represents a yield of 11% fully-franked.

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