Atturra (ASX:ATA) announced financial results for the full-year ended June 30, 2022.
Atturra's successful listing on the Australian Securities Exchange is without a doubt our most significant milestone this year. Through our initial Public Offering, we raised approximately $24.8 million. This was in line with our prospectus, and we have maintained a substantially above market return since.
The funds raised from the Offer have upheld our plan to finance an accelerated growth strategy. In March we acquired Brisbane-based Kettering Professional Services for $3 million plus up to $2.25 million in deferred consideration milestones, calculated annually until FY24.
And, in June we added Perth-based Hayes Information Systems and Communications for $8.5 million upfront plus a deferred consideration of up to $7.89 million, calculated annually against agreed metrics until FY25.
Both these businesses not only expand our capabilities and geographical presence, but align with our ethos. It's always been part of our strategy to make sure the integrity of the businesses we bring on board remains intact.
We generated $98.3 million in revenue and $7.0 million in underlying EBIT in FY21. This was forecasted to grow by 29% to $126.7 million in FY22. We're pleased to say we've surpassed this forecast by 6% delivering $14.6 million in revenue and $13.8 million in underlying EBIT this FY.
Our goal over the coming years is to be Australia's largest advisory and IT solutions provider, with high engagement across technology, industries, employees and clients.
During the year, an interim dividend of $679,000 was paid to the minority shareholder of Noetic Group Pty Ltd., a subsidiary of the Company, with the remainder being paid to Atturra that was eliminated on consolidation. No other dividend was paid, recommended, or declared during the current financial year. In the previous financial year, a dividend of 4.75 cents per ordinary share (total of $6,500,000) was paid to the shareholders of Atturra Holdings Pty Ltd.
Following the announcement the company?s share price rose 4.000%.