Humansoft FY2016 earnings up 38% Y-o-Y on revenue growth and cost efficiency
Humansoft reported FY2016 earnings of KWD24.2mn, up 38% on solid revenue growth (+25% to KWD54.5mn) from business growth and improving cost efficiency. Meanwhile, operating profit came in at KWD25.5mn, up 38% Y-o-Y, with EBIT margin widening 450bps to 46.8%. The company will also distribute 160 fils/share for FY2016 implying a dividend yield of 5.4% and payout of 80%. (Company disclosure)
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