Infomedia announced revenue and net profit for FY24, both experiencing significant growth.
Total revenue from ordinary activities rose 8% to $140.8 million, compared to $129.9 million in FY23.
The company's reported net profit after income tax attributable to shareholders was $12.7 million, marking a 32% increase from the previous year’s $9.6 million.
CEO & Managing Director Jens Monsees highlighted the successful implementation of the strengthen phase of the transformation strategy, contributing to the strong financial performance.
"These results reflect the ongoing focus on delivering quality products for Infomedia's customers, continuing to create shareholder value," said Monsees.
In addition to financial growth, the company declared fully franked dividends with a final dividend of 2 cents per share for FY24, down slightly from the 2.2 cents interim dividend.
The record date for the dividend is September 2, and payment will be made on Sept. 18.
The report also disclosed a stable financial position with net tangible assets per ordinary share calculated at 17.54 cents, up from 17.44 cents in the previous year.
Infomedia maintained strong operations with no new entity control changes or joint venture interests reported for this period.
Infomedia continues to execute its strategic objectives, confirming its strong market presence in the automotive software sector and positioning for further growth in future financial years.
Infomedia is a provider of data-as-a-service and software-as-a-service solutions for the data-driven automotive ecosystem. Its segments include Asia Pacific; Europe, Middle East and Africa, and Americas, representing the combined North, Central and South America.
At the time of reporting, Infomedia’s share price was $1.81.