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Business Description: Infomedia Limited (IFM) is a provider of information solutions to the after sales parts and service sector of the automotive industry. IFM supplies online parts selling systems, menu pricing systems, a range of publications, as well as data analysis and information research for automotive manufacturers. The company‚Äôs products are used by over 140,000 dealership personnel in over 186 countries.
Strategy Analysis: IFM is focused on the utilisation of advanced programming technology, product reliability, performance accountability and customer service. In FY08, the company commenced a rapid development program to provide a path for its customers to move from disc based solutions to entirely web based solutions. This evolution will deliver lower supply chain costs and faster data and application development turnaround time for its customers. The first of these new web based solutions was released in September 2008 and releases will continue during the next 12 months. In the year ahead IFM will see through to conclusion the previously communicated reduction in General Motors subscriptions. However, growth in other subscriptions, particularly Superservice Menus, is forecasted to give rise to net subscription growth for the 2009 year.
Infomedia released its half year financial results for FY2013, announcing growth in sales revenue and net profit. Reported sales revenue for the six months ending 30 December 2012 was $23.5m, representing an increase of $1.0m or 4% over the pcp. In constant currency terms, sales revenue increased by $1.54m or 7%. The growth in sales revenue combined with continued management of operating costs and lower tax expense yielded a NPAT of $5.12m representing an NPAT increase of $1.2m over the pcp. In particular, Superservice solutions revenue grew by 16% over the previous reporting period despite adverse foreign exchange impacts. Subscription equivalents grew by 948 during the period to a record 71,464.
The Age 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
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