Business news

    Computershare (ASX:CPU) annual profit jumps 20%

    Article Image

    The world's biggest share-registry company has announced a 20% jump in annual profit to US$227.7 million.

    The company announced margin income rose 74% over the year to US$186.5 million as central banks began raising interest rates in an effort to rein in inflation.

    Chief Executive Stuart Irving said that the Wells Fargo Corporate Trust Services the company acquired for US$750 million in 2021 was continuing to exceed expectations, with synergy benefits being realised.

    Computershare's board declared a final dividend of 20.96 US cents.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa