Executive Series: MYOB Group (MYO) CEO, Tim Reed

In this short video we discuss; MYO’s recently reported results which included revenues for the six month period increasing to $204 million, up 14 per cent on prior year, and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) which rose to $90 million, up 9 per cent on prior year. After tax profit  was $48 million, up 9 per cent on prior year.

• The number of paying users in the SME segment, which increased by 5 per cent on the prior year to 601,000, driven by online additions which rose 53 per cent on prior year to 306,000
• MYO’s outlook for dividend payments which paved the way for the group declaring an interim dividend of 5.75 cents per share, up 5 per cent from the dividend paid in relation to 1H16, and representing 72 per cent of 1H17 of after tax profit.