Computershare Results: Forecasts

Submitted by Craig Strzelecki on 15 February, 2006 - 15:24

Computershare the share registry operator is looking to reap revenues to hit at least $1.5 billion for 2005/06 period given the condition that key markets such as the United States remain healthy. However it isn't all good news: Computershare announced a 5 per cent fall today in first-half net profit to $65.78 million. But looking ahead, Computershare reaffirmed its 2005/06 earnings guidance and said it expected earnings per share (EPS) of at least 29¢ per share. For 2004/05 Computershare posted revenues of $1.10 billion with an EPS (earnings per share) at 24.27¢. CEO Chris Morris said that he "can now proudly say that Computershare has become a leading player in the North American market, evidenced by the US contribution to the result this half."

Computershare had acquired Computershare Shareholder Services, formerly North American registry leader Equiserve, last year and its North American operation contributed 59 per cent of the company's revenue in the first half, up from 40 per cent in the same period last year.