Vicom Ltd has just released their FY results yesterday evening which I thought was decent.
Results Highlight
Vicom’s revenue grew 8.1% year on year to $105m while profits grew 7.7% higher at $28.4m.
Considering the company’s activity slowdown in the past year, this is decent numbers we are talking about.
The company’s cash flow from operations (CFO) has increased by about 7% to $32.5m while Free Cash Flow (FCF) for the year was at $28.6m. The management has declared a higher final and special dividend for the year at $0.081 and $0.064 compared to $0.075 and $0.032 respectively in 2012, giving a 23.6% increase in dividend growth year on year. Dividend payout remains at slightly below 60% for the year which means that the company gets to retain the rest of the $12.5m which (Read more...)
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