Gentrack lifts annual revenue, profit as buying spree pays off

Tue, 28 Nov 2017

By Sophie Boot Nov. 29 (BusinessDesk) - Gentrack Group, the utilities software developer, lifted annual revenue and net profit as a slew of recent acquisitions drove growth. Revenue rose 43 percent to $75.2 million in the year to Sept. 30, while net profit lifted to $11.8 million from $9.6 million a year earlier. Underlying earnings before net finance expense, tax, depreciation and amortisation and costs relating to acquisitions was $23.9 million, in line with the upgraded guidance the company gave in September. The company is targetin...

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