Thursday was the busiest day of earnings season yet, with a large number of companies including health supplements company Blackmores Limited (ASX: BKL) and telco giant Telstra Corporation Ltd (ASX: TLS) reporting their full year results.
Three results that you may have missed are listed below. Here’s how they performed in FY 2019:
Bailador Technology Investments Ltd (ASX: BTI)
This technology focused expansion capital company had a very strong 12 months. With seven out of its ten portfolio companies experiencing upwards revaluations during the period, Bailador reported a 282% increase in gains on financial assets to $32 million. This ultimately led to the company reporting a 367% increase in net profit to $17.1 million and an 18.2% lift in NTA per share to $1.31. One of its revaluations was Straker Translations Ltd (ASX: STG), which lifted 26% to $12.6 million. But the star of the show was its investment in SiteMinder, which increased 30% to $72.9 million.
Enero Group Ltd (ASX: EGG)
This marketing and communications company’s shares raced higher on Thursday after the release of its full year results. Enero reported a 24.9% increase in net revenue and a 53.3% lift in operating EBITDA. On a like for like basis, which excludes the impact of acquisitions, revenue was up 14% on the prior year and operating EBITDA was up 38% on the prior year. Enero Group CEO, Matthew Melhuish said: “We have delivered an excellent set of results for FY 2019 with strong numbers across our key financial metrics in all markets. There is positive momentum in many areas of the Group coming from new business wins and new talent joining the Group. The achievement of 14% organic revenue growth, excluding the impact of acquisitions, demonstrates we can achieve more working together as a Group.”
RXP Services Ltd (ASX: RXP)
Although this leading digital services company delivered only flat revenue of $141.1 million in FY 2019, its digital transformation drove a higher quality and more resilient revenue base. This, and the benefits from organisation realignment, ultimately led to RXP Services reporting a 26.2% increase in EBITDA to $16.4 million. The positive result and its strong balance sheet allowed the board to declare a 2.5 cents per share final dividend and a 0.5 cents per share special dividend. This brought its total dividend to 4.75 cents per share, up almost 36% on FY 2018’s 3.5 cents per share dividend. In FY 2020 management advised that it is “forecasting both revenue and earnings growth over FY20, with expectations to achieve double digit earnings growth.”
This could make RXP Services a good option for income investors along with these buy-rated dividend shares.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Blackmores Limited and Telstra Limited. The Motley Fool Australia has recommended Straker Translations. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019