Computershare Limited (ASX: CPU) Reports Half-Year Financial Results
Financial Performance
Computershare Limited reported a 6.7% decrease in revenue to $1,498.8 million for the half-year ended 31 December 2024. The decline was primarily due to the disposal of the US Mortgage Services business in May 2024. Despite this, profit after tax surged by 173.5% to $287.8 million, driven by a 24.9% increase in profit from continuing operations to $286.5 million. Net revenue from continuing operations grew by 6.4% to $1,498.8 million, supported by higher core fees and increased transactional revenue.
Dividend Announcement
The company announced an interim dividend of AU$0.45 per share, payable on 19 March 2025. The record date for determining dividend entitlements is 19 February 2025. This dividend is unfranked.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.