DWS Limited (and Controlled Entities) ACN 085 656 088
RESULTS ANNOUNCEMENT TO THE MARKET
2016 Full Year Financial Results
[Based on accounts currently being audited]
DWS Limited (DWS) announces the following results and highlights for the year ended 30 June 2016:
Revenue from continuing operations of $144.5M (up $49.9M or 53% from the prior corresponding period (pcp));
Underlying EBITDA of $25.8M (excluding $0.4M of one-off acquisition costs) (up $9.9M or 63% on pcp);
NPAT of $16.8M (up $6.4M or 62% on pcp);
Cash flow from operations (before interest and tax) 94% of EBITDA;
DWS' balance sheet remains strong and liquid with gross cash of $10.2M;
Final fully franked dividend of 5.0 cents per ordinary share declared;
Final Dividend 5.0 cents per ordinary share
Record Date 2 September 2016
Expected Payment Date 4 October 2016
Billable consultant capacity continues to grow to meet increased client demand. Total billable consultants at 30 June 2016: 715 (June 2015: 517);
Strong contribution from Victoria, New South Wales and Queensland regions; and
Full year contribution from Symplicit acquisition and ten months contribution from Phoenix.
2016 $000's | 2015 $000's | Change Change $000's % | |
144,494 | 94,632 | 49,862 | 52.7% |
1,263 | 35 | 1,228 | 3508.6% |
(114,181) | (75,407) | (38,774) | (51.4%) |
(5,771) | (3,395) | (2,376) | (70.0%) |
25,805 | 15,865 | 9,940 | 62.7% |
18% | 17% | ||
(371) | (215) | (156) | (72.6%) |
- | (518) | 518 | 100.0% |
- | 321 | (321) | (100.0%) |
- | (551) | 551 | 100.0% |
25,434 | 14,902 | 10,532 | 70.7% |
(440) | (255) | (185) | (72.5%) |
(1,037) | 279 | (1,316) | (471.7%) |
68 | 232 | (164) | (70.6%) |
24,025 | 15,158 | 8,867 | 58.5% |
(7,235) | (4,759) | (2,476) | (52.0%) |
16,790 | 10,399 | 6,391 | 61.5% |
Revenue from continuing operations
Other revenue (excl. Interest) Employee benefits expense Selling, general & admin expense
Underlying EBITDA Underlying EBITDA % Acquisition costs
Additional termination costs Gain on PV of earnout liability Impairment
EBITDA
Depreciation & amortisation Net interest (expense)/income
Capitalised product development
Profit before tax
Income tax expense
Net profit after tax
About DWS
DWS Limited (DWS) is a professional services company which provides information technology consulting services to large corporate entities and Australian Government agencies. DWS listed on the Australian Securities Exchange on 15th June 2006. ASX code 'DWS'. DWS currently employs over 750 staff and contractors and has offices in Melbourne, Sydney, Brisbane, Adelaide, Canberra, Coolangatta and Perth. More information can be obtained at our website http://www.dws.com.au, or by contacting our head office in Melbourne on (03) 9650 9777.
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DWSExcellence
Appendix 4E30 June 2016 DWS Limited
TABLE OF CONTENTSCONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 2
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 3
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 4
CONSOLIDATED STATEMENT OF CASH FLOWS 5
NOTES TO THE PRELIMINARY FINANCIAL REPORT 6
DWS LimitedAppendix 4E and Preliminary Final Report For year ended 30 June 2016
[Based on accounts that are currently being audited]
Revenue from continuing
2016
$'000
2015
$'000
Change
$'000 % Change
operations 144,494 94,632 up 49,862 53%
Total comprehensive income for
4.75 cents
3.75 cents
16 March 2016
the year 16,790 10,399 up 6,391 61%
Dividends (distributions)
Dividends paid during the financial year
Amount
per security
Amount
per security
Record Date for
dividend entitlement
Dividend Declared subsequent
to financial year end
5.00 cents 3.75 cents
2 September 2016
2016
2015
Net tangible asset backing per
ordinary security
(4) cents
7 cents
Earnings per share
13 cents
8 cents
DWS Limited - Appendix 4E 2016 Page 1
DWS Limited published this content on 22 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2016 23:23:09 UTC.
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