OKN 0.00% $1.90 oakton limited

final results out, page-2

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    Sydney - Tuesday - August 15: (RWE Australian Business News) -
    Oakton Ltd (ASX code: OKN) lifted net profit 57.1 per cent to $14.44
    million in the year to June 30 from $9.19 million for the previous year.
    Revenues for the business applications IT services provider rose
    42.4 per cent to $77.08 million from $54.14 million.
    Basic earnings per share were 17.6c, up from 11.4c.
    Final dividend has been increased from 5.5c to 9.25c, fully
    franked, payable on September 29 to shareholders registered September 1.
    Total payout for the year is 16.75c, up 67.5 per cent.
    Directors said revenue and net profit were records and achieved
    by organic growth, with no acquisitions made during the year.
    They said Oakton would continue to pursue acquisition
    opportunities and during the 2007 year would establish an offshore
    development centre in India to "enable increased access to skilled
    resources at a price point competitive with global providers".

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    Managing director and CEO Mr Neil Wilson said: "Oakton has
    continued to focus on the execution of its business strategy, which is
    principally centred on gaining more market share with the best service
    offer in the business applications space.
    "Sydney growth continued to be very positive with a 75% increase
    on last year and an increased contribution of 39% to the total EBITDA
    result, up from 32% in FY2005.
    "Brisbane has also commenced well with a number of local staff
    on the ground and a solid pipeline of engagements and opportunities.
    "We believe the positive market conditions will continue and as
    our customer base, depth of services and service-to-customer ratio
    continue to grow, we expect to acquire more market share and to
    consolidate our position as a leading Australian specialist IT services
    provider."
 
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