UXC reports strong financials off the back of major projects
- 23 August, 2013 11:09
ICT consultancy firm, UXC, has posted a record revenue result for IT business at $594 million.
Net profit after tax from continuing operation for the year increased to $22.7 million, or 25 per cent, while earnings per share from continuing operations increased by 24 per cent to 7.37 per cent per share.
UXC chairman, Geoffry Cosgriff, said the improved business model has allowed the company to have a sharper focus to its business.
“It has assisted us to report strong growth in revenue, earnings, EPS, and dividends, as well as strengthen our balance our Balance Sheet and provide a strong foundation for further growth,” he said.
UXC’s net profit after tax attributable to members increased by 22 per cent for the year to $24 million, while earnings per share attributable to members increased by 7.80 cents per share or 21 per cent.
Other key achievements for the firm included a NPAT attributable to members up 22 per cent to $24.012 million, with a strong Balance Sheet with no net debt and cash of $34 million.
Cosgriff said the company’s performance was attributed to successful delivery of key major projects such as Gold Coast Hospital, as well as winning large accounts.
During the year, UXC also completed four key acquisitions.
Patrick Budmar covers consumer and enterprise technology breaking news for IDG Communications. Follow Patrick on Twitter at @patrick_budmar.