EPISODE 146 - MICHAEL KAY, MANAGING DIRECTOR OF MCMILLAN SHAKESPEARE LTD
On the Morning Mail today, Head of Research Paul Ryan interviews Michael Kay, Managing Director of McMillan Shakespeare Ltd.
The company announced its half yearly result on Tuesday with net profit after tax rising 83% and earnings per share up 76%. The acquisition of Interleasing Australia has been integrated smoothly and contributed strongly to the result. In addition, McMillan’s traditional Remuneration Services business delivered a 39% increase in profit before tax on sales (which were up 23%). The strong result allowed the company to increase its half yearly dividend by 60% on the previous corresponding period, to $0.16 per share.
Paul seeks further comment on the half yearly result from Michael, and they also discuss opportunities for the company over the balance of the 2011 financial year and beyond.
