Aug 21, 2020 | Prime announcements

Our FY20 Results

Today, we released our financial results for FY20, please find our complete ASX announcements as per the following:

  1. PFG FY20 Investor Presentation
  2. PFG Appendix 4E & FY20 Annual Report
  3. Dividend/Distribution – PFG
  4. PFG Appendix 4G & Corporate Governance Statement

Prime has delivered growth in earnings and dividends during a challenging period for all stakeholders, the key financial results include;

  • Earnings Growth for members/shareholders
    – Underlying EBITDA up 35%
    – Excluding the impact of AASB 16 Leases, Underlying EBITDA up 9%
  • Exceeded earnings guidance despite COVID-19 pandemic
  • Organic revenue growth (contracts with customers) up 4%
  • Fourth successive half of revenue growth
  • Operating expenses lower, down 8% (plus non-recurring expenses down 76%)
  • Diluted EPS of 1.21 (CPS) up 57%
  • Dividends declared for the year of 0.45 (CPS) up 13%
  • Final dividend declared of 0.25 (CPS) up 25%

This strong financial and operating result has been achieved with a focus on client service and our team’s health and safety.

If you would like more information on Prime or to receive further information as a current or potential shareholder of Prime, please contact us via ourContact page.

For more detail on the services that Prime delivers to clients, please clickhere for Prime’s services brochure.

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