It was yet another big day of results for the Australian share market with the likes of Woolworths Group Ltd (ASX: WOW) and NIB Holdings Limited (ASX: NHF) releasing their numbers.
A couple of top results that may have flown under the radar today are summarised below. Here's how they fared:
The Citadel Group Ltd (ASX: CGL) share price jumped 7% higher after the software and services company posted a full-year net profit after tax of $19.4 million, up 26% year-on-year. According to the release, revenue was up 9.8% to $108.5 million in FY 2018 as contracts increased in scale and new contracts were won across all its verticals.
Pleasingly, FY 2019 looks set to be a strong year for the company. Management advised that it has a record sales pipeline across its key verticals and is particularly excited about the significant possibilities for its citizen-centric safety and incident management platform.
The strong result allowed the board to declare a total full franked dividend of 13.8 cents per share in FY 2018, equating to a 1.9% yield. While this isn't the biggest yield on offer, I think its strong long-term growth potential means it could increase significantly in the future. I continue to class Citadel as a buy.
The Superloop Ltd (ASX: SLC) share price surged 6% higher on Monday after the telecommunications infrastructure company released a strong full-year result. Superloop delivered a net profit after tax of $7.1 million on revenue of $125.2 million. Revenue was up 109% on the previous year and its net profit compared to a loss of $1.2 million in FY 2017.
A key driver of its growth was its Superloop segment which includes fixed line and fixed wireless connectivity solutions for wholesale and enterprise customers. That segment saw revenue double year-on-year to $61.2 million. Also contributing strongly was its Superloop+ segment, previously known as the Cloud & Managed Services segment. Revenue jumped 68% to $36.6 million reflecting the contribution for the full year from BigAir's CMS business. Its shares are expensive at 76x earnings, but could still be worth a closer look if you have a high tolerance for risk.
