Count (ASX: $CUP) declares interim dividend and completes acquisitions

Count Limited (ASX: $CUP) has reported a profit of $616,000 for the half-year ended 31 December 2023, a significant increase from the previous year's loss of $126,000. The company's net tangible assets exclude right-of-use assets and lease liabilities recognized under AASB 16, as well as contract assets and contract liabilities recognized under AASB 15. Count Limited gained control over Count Member Firm Pty Limited on 31 December 2023 and declared an interim dividend of 1.50 cents per share fully franked for the half-year ended 31 December 2023, consistent with the previous year. The company has also completed several acquisitions, including the acquisition of Diverger Limited and multiple accounting client books.

Executive Commentary on Financial Performance and Strategic Moves

The management team at Count Limited has been focused on achieving organic growth with member firms and inorganic growth through acquisitive activity. The profit of $616,000 for the half-year ended 31 December 2023 reflects the successful execution of this strategy. The declaration of an interim dividend of 1.50 cents per share fully franked demonstrates the company's commitment to delivering value to its shareholders. Additionally, the completion of acquisitions, including the acquisition of Diverger Limited, aligns with our strategic goal of expanding our market presence and enhancing our service offerings.

Summary of Count's Half-Year Report and Future Outlook

Count Limited's half-year report for the period ended 31 December 2023 reflects a significant turnaround in financial performance, with a profit of $616,000 compared to the previous year's loss. The company's strategic focus on organic and inorganic growth has resulted in the successful completion of several acquisitions, including the acquisition of Diverger Limited. The declaration of an interim dividend of 1.50 cents per share fully franked underscores the company's financial strength and commitment to rewarding its shareholders. Looking ahead, Count Limited aims to continue its growth trajectory through strategic acquisitions and by delivering value to its stakeholders.