(ASX: BVA) â Bravura Solutions Limited (Bravura) â a leading global supplier of wealth management applications and professional services â today announced results for the financial year ended 30 June 2007. Bravura Solutions announced another record annual result driven by significantly improved performance in all geographic regions.
A summary is below.
â¢EBITDA increased 216 per cent to $13.6 million
â¢Net Profit after Tax increased by 170 per cent to $5.4 million
â¢Revenue increased by 234 per cent from $30 million to $100.1 million
â¢Operating expenses increased from $25.7 million to $86.5 million, due to expansion of business excluding depreciation and amortisation
â¢R&D expenditure increased by 109 per cent to $9.8 million
â¢Capital expenditure was $4.1 million
Finance/ Depreciation and Amortisation costs
â¢Net finance costs were $3.0 million, consisting of both the interest on debt that was used to partially finance the FY07 acquisitions and $1.8 million of non cash related interest on deferred settlement
â¢Depreciation & Amortisation increased by 233 per cent to $4.0 million due to the amortisation of intangible assets recognised as a result of the acquisitions
â¢Net Operating Cash Flow was a cash outflow of $3.8 million as a result of the additional working capital requirements of the expanded Group
â¢Earnings Per Share rose from 3.2 cents to 4.2 cents
â¢Declared a final fully franked dividend of 0.9 cents per share payable on 16 October 2007, resulting in a full year dividend of 2.1 cents per share