In brief: Computershare foreshadows strong half

Preliminary results for the share registry and fianncial technology services company indicate 20 per cent increase in per share earnings

Computershare (ASX:CPU) has signalled that its forthcoming results for the six months to 31 December 2010 will exceed expectations.

The share registry and financial technology services company has said in an ASX statement that preliminary numbers indicated that management earnings per share will be approximately 20 per cent higher than they were in both the first and second halves of financial year 2009.

The company has however moved to manage shareholder expectations warning that while the results for the first half were encouraging, a number of significant transactions took place of over the period that may not be repeated in the second half.

On 11 November 2009 at the company’s annual general meeting CEO Stuart Crosby indicated that total operating revenues for the 2009 financial year were down 4 per cent to $USD 1,511.6 million on the previous year and Management EBITDA was down 1 per cent to $475.5 million.

Crosby said at the time that 2010 financial year profit was tracking slightly ahead of the 2009’s results and the company was increasing confident of exceeding the year’s performance, assuming equity, interest rate and foreign exchange market conditions remained consistent.

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