Computershare has announced its financial results for the year ended 30 June 2000, which includes a 35 per cent increase in revenues and a 160 per cent increase in net profits.
The financial market technology company recorded revenues of $408.9 million, up 35 per cent from last years figure of $302.8 million. Net profits rose 160 per cent to $38.2 million on the previous year's figure of $14.7 million.
Computershare began as a computer bureau service to Australian share registrars, but has since diversified both into overseas markets (UK, New Zealand and now North America) as well as in its product range. It now provides a variety of exchange and broker systems in addition to its registry business.
The results indicate that over 50 per cent of the total profit was generated outside of Australia, up 25 per cent on the previous years results. Managing Director Chris Morris expects that 90 per cent of the group's profits will be generated from outside Australia by the 2002 financial year.