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Advanced Share Registry expects YOY decline in fiscal-year operating profit

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Advanced Share Registry expects YOY decline in fiscal-year operating profit

Australia's Advanced Share Registry Ltd. expects to post operating profit before tax for the fiscal year ending June 30 of about A$2.1 million, down year over year from A$2.5 million.

The company said May 22 that the forecast excludes all property revaluation effects.

The lower operating profit reflects a reduction in corporate actions and general activity. It also reflects higher business development costs, particularly those for Private Company Platform Pty. Ltd.

The company also plans to pay a fully franked final dividend for the period.