Sydney, Feb 16, 2006 AEST (ABN Newswire) - SAI Global Limited (ASX: SAI) today announced a 33.3% increase in revenues for the six- month period ended on 31 December 2005. Total revenues were $68.9 million, up from $51.7 million in the corresponding period.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 40.7% to $12.8 million, up from $9.1 million in the corresponding period. EBITDA margins expanded to 18.6%, up from 17.6% a year ago.
As a result of this solid performance, the directors have declared an interim fully franked dividend of 5.0 cents per share, up 19% on the interim dividend for 2004 of 4.2 cents.
Adjusted net profit after tax, which is a proxy measure of the group's cash earnings, was $8.8 million, up 48.1% over the $5.9 million achieved in the corresponding period.
Based on Australian equivalents to International Financial Reporting Standards (AIFRS), net profit after tax was $5.9 million, representing an increase of 14.8% over the first half result of $5.1 million in the corresponding period. Earnings per share were up 7.8% to 5.5 cents per share from the first half last year of 5.1 cents. Adjusted earnings per share were up 39.0% to 8.2 cents per share from 5.9 cents.
HIGHLIGHTS
Revenue $68.9 million Up 33.3% on 2004EBITDA $12.8 million Up 40.7% on 2004Net Profit After Tax $5.9 million Up 14.8% on 2004Adjusted NPAT $8.8 million Up 48.1% on 2004EPS 5.5 cents per share Up 7.8% on 2004Adjusted EPS 8.2 cents per share Up 39.0% on 2004Fully Franked Dividend 5.0 cents per share Up 19% from 4.2 cents in corresponding periodNet Operating Cash $7.7 million Up from $6.8 million last yearInflow
Acquisitions
- During the period SAI Global made two acquisitions, Anstat, a publishing & compliance business in Australia and EFSIS, an Assurance business with operations across Europe.
Outlook for the Full Year 2005
Going forward ongoing solid demand for SAI Global's products and services around the world is expected, with revenue and profit growth to continue. Organic growth for core products will remain around 4-6% and more acquisitions are also likely as the industry continues to rationalise.
For the full version of this media release, please access the following link;
SAI Global Limited Reports Strong Growth
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Contact
Investor Relations and Media Inquiries
Tom Godfrey - SAI Global
TEL: +61 2 8206 6863 - +61 414 191 034
EMAIL: tom.godfrey@sai-global.com
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