1H17 Appendix 4D and Half Year Report
1H17 Appendix 4D and Half Year Report
Sydney, Aug 24, 2017 AEST (ABN Newswire) - The directors present their report on the consolidated entity (referred to as "the Group") consisting of MYOB Group Limited (ASX:MYO) and the entities it controlled at the end of, or during, the half-year ended 30 June 2017.


The principal activities of the Group during the half-year were the development and publishing of software and provision of services for small and medium enterprises, including accountants in public practice.


The Group has reported a net profit after tax of $28.3 million for the half-year ended 30 June 2017, an increase of 13.0 per cent on the prior corresponding period. Statutory earnings before income tax, net finance expenses, depreciation and amortisation increased 10.3 per cent to $87.1 million for the half-year ended 30 June 2017.

The increase in operating revenue reported for the half-year period of 14.4 per cent to $204.0 million was attributable to subscriber and ARPU (Average Revenue per Paying User) growth in the underlying business together with the contribution from the Greentree acquisition made in August 2016. The acquisition of Paycorp Payment Solutions Pty Ltd in April 2017 has also contributed to the financial result and has enabled the Group to play a larger role in the provision of automated payment and integrated accounting software solutions.

To view the full report, please visit:

To view 1H17 Results Presentation, please visit:

About Myob Group Ltd

MYOB Group Ltd (ASX:MYO) is a leading provider of online business management solutions. It makes business life easier for approximately 1.2 million businesses and accountants across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, job costing, inventory and more. MYOB operates across three core segments – Clients and Partners (business solutions to SMEs and Advisers); Enterprise Solutions (larger businesses) and Payment Solutions. It provides ongoing support through client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly through its Connected Practice Strategy and through the development of the MYOB Platform. For more information, follow @MYOB on Twitter or visit http://investors.myob.com.au/Investors



Christina Nallaiah
Head of Investor Relations
T: +61-2-9089-9122
M: +61-468-362-553
E: christina.nallaiah@myob.com
W: www.myob.com

Related Companies

Myob Group Ltd       

ABN Newswire This Page Viewed:  (Last 7 Days: 7) (Last 30 Days: 38) (Since Published: 2406) 

Myob Group Ltd NEWS: RECENT VISITS (9290)

Social Media