McMillan Shakespeare Ltd announced FY22 results; Statutory NPAT grew 15.2%

McMillan Shakespeare Ltd (ASX: MMS) announced its FY22 results for the period ended 30 June 2022:

• The company reported its FY22 normalised revenue of AU$594.3 million, a 9.2% increase from the previous corresponding period, and statutory net profit after tax of AU$70.3 million, 15.2% improved on FY21.
• The company’s board has announced a fully franked dividend of AU$0.74 cps.
• It has announced its plan to buy back up to 10% of its ordinary shares in an off-market tender process. It is expected to complete in 1HFY23.
• During FY22, McMillan Shakespeare aligned into new segments: Group Remuneration Services, Plan and Support Services, and Asset Management Services. It divested Davantage Warranty and CLM Fleet Management businesses. In FY23, it will consider exiting from its UK businesses.

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