• Candidates
• Job Search - Asia Pacific
• Job Search - UK/Ireland
• Working Globally
• FAQs
• New Candidate Registration
• Registered Candidate Log-in
• Submit On-line Timesheets
• Submit Paper Timesheets
• My Resources
• Interview Tips & Techniques
• Clients
• Recruitment Services
• HRO Product Suite
• HR Consulting Services
• Technology Consulting Services
• Managed Training Services
• Psychological Services
• Strategic HR Planning
• Career Transition Management
• Managed Services
• FAQs
• Find Your Perfect Candidate
• Client Services Log-in
• Job Search - Asia Pacific
• Investors
• News
• Press Releases
• ROSSnews Newsletter
• Contact Us

Amongst some of the most challenging market conditions in a decade, Ross Human Directions Limited (RHD) is pleased to announce that Net Profit after tax for the year ended 30 June 2009 increased by 1.7% compared with the previous corresponding period. Profit was $4.073 million and earnings were 4.9 cents per share.

Earnings before interest, tax, depreciation and amortisation (EBITDA) of $12.04 million showed a slight increase of $107,000 over the previous corresponding period and this was achieved on a decrease in revenue of 3.3% to $392.97 million.

Permanent placements revenue decreased, reflecting the decline in hiring consequent on the global financial crisis. The company’s pursuit of a strategy of diversification for some years, has been particularly beneficial in this climate, with notable growth in both revenues and profit from our Outsourcing and Managed Services business, as well as positive impacts from a full year of revenue from the Aurion subsidiary. During the year Aurion successfully launched Version 10 – the third generation - of its successful human resources and payroll management solution, the first Web 2.0-rich internet HR application.

Julia Ross, Managing Director, said, “A big part of our value proposition to our clients is that the unambiguously high quality of our services stands us apart, and it is pleasing for us to be able to deliver a result to our shareholders reflecting that. This has been a year of considerable challenge but it has also presented opportunities. Our strategy to remain client focused and quality-driven has helped us deliver steady results in spite of the economic conditions. We are grateful for the unwavering support of our clients during this period.”

As reported previously, the organisation has been implementing a decisive debt reduction strategy alongside tactical cash flow management activities resulting in positive net cashflow from operations of $22.71 million during the year. Consequently, net debt has reduced by $20.60 million since 30 June 2008, leaving a sound net debt to equity position.

A fully franked interim dividend of 1.0 cents per share has been declared and is payable on 9 October 2009 to shareholders registered on 18 September 2009. Total dividend for the year of 1.75 cps represents a payout ratio for the full year of 36%, which is considered prudent with continuing market uncertainty.

More information on Ross Human Directions Ltd

Issued on behalf of Ross Human Directions Ltd, Level 2, 14 Martin Place, Sydney 2000 by Greg Coolahan.