Gentrack confirms 3% gain in full-year profit , lifts final dividend

Wed, 23 Nov 2016

By Jonathan Underhill Nov. 24 (BusinessDesk) - Gentrack Group has confirmed a 3 percent gain in full-year profit and bumped up its final dividend as margins widened. The utilities software developer said pretax earnings are expected to grow 10 percent in 2017. Net profit rose to $9.6 million in the 12 months ended Sept. 30, from $9.4 million a year earlier, the Auckland-based company said in a statement. Sales jumped 25 percent to $56.7 million. Gentrack first flagged its full-year results in summarised form on Nov. 4 including a 16 pe...

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