Media Releases / Industry

IRESS Limited today announced its results for the six months to 30 June 2015.

Statutory Net Profit After Tax was $28.5 million, which represents an increase of 38% on the prior period (six months to 31 December 2014) and a 5% decline on the previous corresponding period (six months to 30 June 2014). Segment Profit, a measure of core underlying performance, was $57.5 million and represented an increase of 10% on the prior period and a reduction of 3% on the previous corresponding period.*

Highlights included:

  • Highlights of the 2015 half year result:
  • Group Revenue of $173.2m up 9% on 2H14, and up 1.8% on 1H14.
  • Group Segment Profit of $57.5m, up 10% on 2H14, and down 3% on 1H14.
  • Group NPAT of $28.5m, up 38% on 2H14, and down 5% on 1H14.
  • Wealth management momentum with significant new business; Lending hitting strategic milestones.
  • UK wealth management business focused on achieving quality, medium and long-term growth.
  • Result negatively impacted by voluntary administration and liquidation of BBY Ltd.
  • Interim dividend of 16.0 cents per share, 50% franked (2014: 16.0 cents per share, 40% franked).

* All comparisons are comparisons with the previous corresponding period (six months to 30 June 2014) unless stated otherwise.

 

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