Earnings per share (EPS) for the 2HFY2021 grew 9.7% y-o-y to 1.70 cents, while FY2021 EPS climbed 1.2% y-o-y to 3.40 cents.
Group revenue for the 2HFY2021 increased 1.2% y-o-y to $23.1 million.
This was thanks to the 11.4% y-o-y growth in revenue from the financial institution (FI) data business to $9.2 million, and offset by the 5.7% y-o-y decline in revenue for the non-FI data business at $12.9 million.
Other operating income remained relatively stable at $0.6 million in the 2HFY2021, as the lower government grants were offset by the increase in foreign exchange gains.
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Share of result of joint ventures for the 2HFY2021 increased by 58.4% y-o-y to $0.7 million, thanks to CBA’s share of results from its Cambodia investment.
CBA has declared a final dividend of 1.70 cents, which is payable on June 3.
This brings the full dividend for the year to 3.40 cents per share, which exceeds 90% of its earnings.
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“For the subsequent financial years of FY2023 and FY2024, we intend to pay out at least 90% of the dividend income we receive from our subsidiaries and associates. Capital for future expansion of the group will be funded using existing cash and/or other sources of funding. Concurrently, we will continue to press on with our growth strategy while seeking out potential acquisition targets,” says CBA’s founder and executive chairman Kevin Koo.
As at end-December, cash and cash equivalents stood at $49.1 million.
Shares in CBA closed 1 cent higher or 0.99% up at $1.02 on Feb 23.
Photo: Credit Bureau Asia
