Earnings release
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18 February 2021 ASX Announcement iph Financial Results for half year ended 31 December 2020 ( " HY21 " ) IPH delivers 3 % increase in Underlying Net Profit After Tax to $ 37.6m Like - for - Like EBITDA up 8 % ; EBITDA growth in Asia and successful transformation of the Xenith IP Group HY21 Highlights • • Statutory NPAT of $ 26.8m , down 1 % equating to Diluted EPS of 12.4 cents per share ( HY20 : 12.9 cents ) Underlying NPAT of $ 37.6m , up 3 % despite currency headwind of higher A $ in the first half Underlying EBITDA of $ 61.7m , up 2 % Underlying ' like - for - like ' EBITDA up 8 % ○ ○ Former Xenith IP business ' underlying EBITDA margin up 35 % to 27 % Continued organic earnings growth momentum in Asia with strong result in China / Hong Kong SAR - patent / trade mark referrals from acquired businesses up 39 % Operating cashflow up 39 % enables increase in interim dividend to 14 cents per share , 50 % franked ; up 4 % on prior corresponding period Dividend Reinvestment Plan ( DRP ) will operate in respect of the interim dividend $ ' m Statutory Results Statutory Results Change % HY21 HY20 Underlying Results HY21 Underlying Results HY20 Change % Revenue $ 179.8 $ 179.8 0 % $ 179.8 $ 179.3 0 % EBITDA $ 56.7 $ 57.4 ( 1 % ) $ 61.7 $ 60.4 2 % EBITDA % 31.5 % 32.0 % ( 1 % ) 34.3 % 33.7 % 2 % NPAT $ 26.8 $ 27.2 ( 1 % ) $ 37.6 $ 36.3 3 % Diluted EPS 12.4c 12.9c ( 4 % ) 17.4c 17.3c 1 % Interim Dividend 14.0c 13.5c 4 % Overview of result - Underlying profit growth despite COVID - 19 impact and currency headwinds IPH Limited ( ASX : IPH ) , the leading intellectual property ( IP ) services group in the Asia Pacific region , today announced a Statutory Net Profit After Tax ( NPAT ) of $ 26.8 million for the half year ended 31 December 2020 compared to $ 27.2 million for the prior corresponding period . Diluted Earnings Per Share ( EPS ) were 12.4 cents compared to 12.9 cents . The Statutory result was impacted by an increase in non - cash amortisation of intangible assets related to the Xenith IP acquisition . IPH Limited | Level 24 , Tower 2 , Darling Park , 201 Sussex St , Sydney NSW 2000 www.iphltd.com.au ABN 49 169 015 838 Page 1