Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Hansen Announces Record Half Year Operating Performance

Hansen Technologies Limited Has Announced A Record Half Year Operating Performance For The 2008/9 Fiscal Year.
  • 03 March, 2009 15:35

<p>Sydney, 27 February 2009</p>
<p>Hansen Technologies Limited (ASX: HSN) is pleased to announce a record half year operating performance for the 2008/9 fiscal year with the financial highlights including:</p>
<p>- Revenue of $23.946 million, a 23% increase over the previous corresponding period (pcp),</p>
<p>- EBITDA increased to $6.423 million, a 5% increase on the pcp,
Net Profit (from continuing operations) increased 7% over the pcp to $3.459 million,</p>
<p>- Total liquid assets of $27 million, and</p>
<p>- No third party debt.</p>
<p>The Directors of Hansen have declared a fully franked interim dividend of 2 cents per share to be paid on 26 March 2009 with a Record Date of 12 March 2009.</p>
<p>When announcing the first half year's results Hansen’s Chief Executive, Andrew Hansen, said, “I am particularly pleased in the current uncertain economic climate to announce a continuation of a strong performance for our business.</p>
<p>“Remaining debt free and cashed up in these difficult times positions Hansen extremely well to not only manage and readily fund our business growth, but to also prudently explore acquisition opportunities as they arise.</p>
<p>“With the purchase of the Peace Software business in October 2008 we have delivered on our objective of growth through acquisition. The integration of the Peace Software business has so far proceeded according to plan. Since acquisition the business has been profitable.</p>
<p>“We have substantially increased our Group’s presence on the world stage. Our combined Group is now positioned as the largest independent utility “meter to cash” software solution provider.</p>
<p>“In the current uncertain global market it is prudent to anticipate a slow down in consumer spending. However I am cautiously optimistic we will maintain momentum into the second half “.</p>
<p>About Hansen Technologies (www.hsntech.com)</p>
<p>The Hansen Technologies Group (ASX: HSN) is the leading independent provider of utility billing, customer care, and smart metering solutions worldwide. Hansen Technologies’ unique approach to best-fit solutions leverages the Metering Business System, Peace® CIS, and HUB CIS platforms to develop, deliver, and support high-value solutions for clients in 40 markets worldwide. In addition to solutions for the electricity, gas, water and telecommunications sectors, Hansen Technologies also offers outsourcing and facilities management services from its purpose built facilities in Melbourne. Hansen also supports the Classic Superannuation administration solution.</p>

Most Popular