IRESS Market Tech.

Iress Market Technologies has announced an underwhelming full-year result (it has a calendar year end). Despite a 14% increase in revenue to $205m, underlying net profit increased a mere 3% to $60m. Excluding last year's one off 3.5 cent special dividend, the final dividend was kept flat at 24 cents (ex date 9 Mar) and was franked to 83%. Iress currently trades on a yield of 5.4%, and management is expecting profit to remain flat in 2012.  The headline result masks the varying performance of Iress’s different businesses. Net profit from the company’s cornerstone Australian financial markets data business...

Iress Market Technologies has announced an underwhelming full-year result (it has a calendar year end). Despite a 14% increase in revenue to $205m, underlying net profit increased a mere 3% to $60m. Excluding last year's one off 3.5 cent special dividend, the final dividend was kept flat at 24 cents (ex date 9 Mar) and was franked to 83%. Iress currently trades on a yield of 5.4%, and management is expecting profit to remain flat in 2012. 

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