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post Posted: Aug 20 2018, 07:23 PM
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Citadel Group Ltd (ASX: CGL) share price jumped 7% higher after the software and services company posted a full-year net profit after tax of $19.4 million, up 26% year-on-year.

Revenue was up 9.8% to $108.5 million in FY 2018 as contracts increased in scale and new contracts were won across all its verticals.

Pleasingly, FY 2019 looks set to be a strong year for the company. Management advised that it has a record sales pipeline across its key verticals and is particularly excited about the significant possibilities for its citizen-centric safety and incident management platform.

The strong result allowed the board to declare a total full franked dividend of 13.8 cents per share in FY 2018, equating to a 1.9% yield. While this isn’t the biggest yield on offer, I think its strong long-term growth potential means it could increase significantly in the future.

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post Posted: Jun 6 2016, 03:54 PM
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Added by request - Citadel Group Limited (CGL)


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