Bravura reports H1 decline | Money Management : vimarsana.co

Bravura reports H1 decline | Money Management


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Wealth management software provider Bravura has seen a 54% decline in net profits after tax (NPAT) and 38% decline in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in its H1 FY21 results. 
The firm maintained this was in-line with earnings guidance which had accounted the impacts of the COVID-19 pandemic. 
Revenue dropped 14% to $115.7 million from $125 million in 1H FY21, while NPAT dropped to $9 million (from $19.8 million), and EBITDA had dropped to $15.8 million (from $25.5 million). 
An unfranked interim dividend of 2.6 cents per share (cps) was declared, which brought the dividend payout ratio 70% of H1 FY21, while earnings per share was 3.7 cps. 

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