Stargroup has achieved another record quarter of revenue, the 12th record period in a row. There was a 218% improvement in 2016 YTD ATM revenue compared to 2015 YTD ATM revenue. Compared to the September quarter, revenue was up 36%. The Company is on track to pay a maiden fully franked dividend in June 2017.
HIGHLIGHTS
- 218% improvement in 2016 YTD ATM revenue compared to 2015 YTD ATM revenue
- 206% improvement in 2016 HY revenue compared to 2015 HY revenue
- 36% increase in quarterly revenue over prior quarterly revenue
- 31% increase in projected Q1 2017 revenue on back of further organic growth
- Maiden fully franked dividend payment in June 2017 on track
Stargroup Limited (ASX : STL) (“Stargroup or the Company”) is pleased to announce that it has achieved another record quarter of revenue, the 12th in a row, as highlighted below:
Mr Todd Zani, Stargroup’s CEO and Executive Chairman said “Our half year ATM revenues were a 218% improvement when compared with the prior half year result and our total group revenues have also improved 206% when compared over the same period, which is an excellent result for the first half of this fiscal year.”
We have seen excellent organic growth in the last quarter with our revenues up 36% on the prior quarterly result. I am excited that we are also anticipating that our future revenues in the next quarter will be up a further 31% on the current quarter, which is based on further organic growth and the revenues anticipated from the integration of the Indue businesses into our group of companies, as highlighted below.”
We are well on track to achieve the projections outlined to our shareholders in terms of our future revenues and EBITDA for the 2016 – 2017 year. This includes the payment of a fully franked maiden dividend of $0.001 per share on 1 June 2017 which represents an annual yield of 6.67% on our current share price,” said Mr Zani.
Stargroup recently announced to the market that it had completed its due diligence of the ATM switching, settlement processing, telecommunications and ATM reseller business operated by Indue Limited and that both parties had executed the asset sale agreement and agreed to the key terms of the other contractual documentation in relation to the transaction. This transaction is now proceeding on an unconditional basis.
Todd Zani
CEO and Executive Chairman
Stargroup Limited