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.

The information in this article contains general advice and is provided by Primestock Securities Ltd AFSL 239180. That advice has been prepared without taking your personal objectives, financial situation or needs into account. Before acting on this general advice, you should consider the appropriateness of it having regard to your personal objectives, financial situation and needs. You should obtain and read the Product Disclosure Statement (PDS) before making any decision to acquire any financial product referred to in this article. Please refer to the FSG (www.primefinancial.com.au/fsg) for contact information and information about remuneration and associations with product issuers. This information should not be relied upon as a substitute for professional advice, and we encourage you to seek specific advice from your professional adviser before making a decision on the matters discussed in this article. Information in this article is current at the date of this article, and we have no obligation to update or revise it as a result of any change in events, circumstances or conditions upon which it is based.

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