Computershare FY profit falls

Result weighed by acquisition integration costs, revenue lifts.

Computershare (CPU) said its revenue growth was strongest in the US as it posted a fall in profit for the 2013 financial year. 

In the 12 months to June 30, underlying net profit after tax was $304.9 million, slightly below analyst forecasts for $306.1 million.

The group's net profit after tax slipped 9.2% from the previous year's result, to $157 million. 

The result included one-off integration costs of $32 million on its Shareholder Services acquisition in the US and other UK purchases. 

However, management said it sees earnings per share up around 5% in 2013-14 compared to the previous corresponding period.

Meanwhile, revenue for the year lifted to $2.02 million, an 11.8 per cent rise from the 2012 financial year, on the back of Computershare's US aquisitions. 

The group will pay a final dividend of 14 cents, fully franked, to shareholders on the register on August 26. 

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