Computershare: Result 2012

The registry giant's profit was in line with dampened expectations. Management has forecast a decent turnaround for 2012/13.

Computershare’s headline net profit for the year ended 30 June 2012 fell 41% to US$156.5m. But this figure is almost meaningless, heavily influenced by $64m in write-downs related to its European business—forewarned on 14 Jun 12 (Long Term Buy – $7.82).

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