BPS Technoloy AGM Presentation and CEO address

28th November 2016, ASX Announcement

The Company and its Management has made considerable headway in the twelve months since our last AGM:

• The Group’s revenue increased to record levels, rising 4% to $50.2 million— breaking the $50 million threshold for the first time
• Our Gross profit grew by 3% to $38.6 million, driven by development of new and existing Bartercard territories
•  The Bartercard business introduced a new sales model without joining fee accelerating activity across the Bartercard network, with Australia showing growth in new member sales of 25% year-on-year but this was not without some cost
• Our Earnings before interest, tax, depreciation and amortisation (EBITDA) of $9.5 million was $0.5 million lower than the previous period as a result of the reduced joining fees to optimise the Bartercard sales model
• Net profit after tax was $7.34 million, $0.5 million lower than the 2015 result – this tracked the EBITDA outcome
• Dividends paid to shareholders amounted to 4.0 cents per share comprising a 2.0 cent unfranked interim dividend and a 2.0 cent fully franked final dividend
• We expect Dividends going forward to be fully franked
• In December 2015 we raised five million dollars via convertible notes which is set to be repaid or converted on or before December 2016.

To view the full announcement, please click on the button below.

To view the full Presentation, please click on the button below.