Ideas International Limited (IDEAS, ASX:IDE) wishes to advise that its profit after tax for the year ending 31 December 2011 was up 60.4% to $1,905,205 compared to $1,187,558 for the same period last year. Directors declared a five (5) cent final dividend payable in respect of the 2011 financial year.
CEO of Ideas International, Stephen Bowhill, commented, "We are thrilled to have had such a good year. The average exchange rate of the Australian dollar to the US dollar was 12% higher in 2011 compared to 2010. It is a testament to our great team of people, our great products, and our first-rate support to clients that we have increased revenues and profits against the headwind caused by the strong Australian dollar.
"The strategic deployment of IT helps businesses whether they are scaling up or down, so our services are needed in both strong and weaker economies, particularly by our end-user clients who appreciate our independent voice to help them with their IT choices. Our vendor clients continue to value the timeliness and accuracy of our research tools, which saves them investing directly in building their own platforms."
He continued, "We were cash-flow positive for the 2011 year, with net cash provided by operating activities of $2,823,872. This is an increase of 39.5% on the $2,024,797 from the prior year." Mr. Bowhill went on to say, "Our balance sheet has strengthened and net assets of $5,649,605 are up 30.4% from $4,331,488 from the prior year."
As a result of continued improvements, on 24 February 2012 directors declared a final dividend of five (5) cents on ordinary shares in respect of the 2011 financial year. The dividend will be 55% franked. This compares to a four (4) cent, 75% franked dividend declared on 2010 results. The dividend will be paid on 13 April 2012 to registered holders as at 23 March 2012. For more information see the Investors section of the IDEAS website.
About Ideas International (IDEAS)
IDEAS provides enterprise IT research, insight, analysis, and tools to computer suppliers and consultants (IT Sellers) and large corporations (IT Buyers). The company's research focus areas include servers, storage, software, services, and cloud. Many IDEAS tools are powered by RPE2, the atomic unit of compute. IDEAS is a publicly traded company on the Australian Stock Exchange (ASX:IDE) and has been in business for over 25 years. IDEAS hosts users in over 100 countries and maintains offices in the US, EMEA, and Asia Pacific.
Web: www.ideasinternational.com
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Contacts:
IDEAS
Stephen Bowhill +61 (0)2 9472 7701
Managing
Director and CEO
stephenb@ideasinternational.com
