Capricorn profits soar

12 September 2013

BCCM Founding Partner, Capricorn Society, has had one of its most successful financial years ever in 2012/13, delivering a record after tax profit and member’s dividend.

Fantastic News
In light of Capricorn’s excellent trading performance and improved operating cash flow, the Capricorn Board is pleased to announce that the dividend will be 11 cents per share (11%). The dividend will be fully franked in Australia and South Africa and partially franked in New Zealand. The fully franked net dividend of 11% equates to a gross dividend yield of 15.7% of contributed equity as at 30 June 2013.

Record After Tax Profit 
Capricorn has also delivered a record profit after tax of $13.9m (2012: $10.4m), an increase of 34%.

More Reward Points 
Reward Points paid to Members of $15.3m (2012: $11.3m), an increase of $4.0m or 36.1%. This is especially as a result of Capricorn paying 1.5 Reward Points for every AU$1 or NZ$1 or Rand that a Member spends through their Account on eligible purchases from Preferred Suppliers. This will provide even greater benefit this financial year as 1.5 Reward Points continue to apply.

Increased Member Purchases and Assets
Member purchases from Suppliers were a record $1.2 billion, an increase of 8% compared to 2012.

Total assets have grown to $216.3m (2012: $192.5m), an increase of 9%.

Thank You
Thank you to all Members for another successful year and we look forward to the continuing success of Capricorn.

Greg Wall
Group CEO