Link Administration Holdings announced its half yearly result

On 24 February 2023, Link Administration Holdings Limited (ASX: LNK) announced its half yearly results which reported:

• In the first half of FY23, Link Group achieved an operating EBIT of AU$80.2 million, representing a 14% increase and exceeding the guidance range of AU$75-AU$80 million.
• Although group revenue for the period was AU$592.2 million, a growth of 1.9% on a constant currency basis compared to 1HFY22, it was slightly lower when adjusted for currency movement.
• The Link Group Board has approved an interim dividend of 4.5 cents per share, which will be 80% franked.
  Additionally, Link Group's operating NPATA, excluding PEXA, for 1HFY23 was AU$38.2 million, an increase of 4.9% from 1HFY22.
• The company's total revenue for the period was AU$592.2 million, representing a 0.2% decrease from 1HFY23 but a 1.9% increase on a constant currency basis.
• For FY23, the company expects its revenue to be at the lower-end of its previous guidance range of AU$1.19-AU$1.22 billion and operating EBITDA to be 8-10% higher than FY22.

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