1300SMILES prospers in the new era

1300SMILES Managing Director Dr Daryl Holmes has announced excellent results for the half-year to 31 December 2014.

Net Profit After Tax increased by 33.6% to $3.4 million. The interim dividend increased by 38.5% to 9 cents per share.

"This year we have the luxury of reporting strongly positive results across the board," Dr Holmes said.

"There were no disruptive events and no special circumstances. Our excellent results were driven by our continuing organic growth, selective acquisitions, and our $1-a-day Dental Care Plan."

"Our acquisition of BOH Dental, either the biggest or one of the biggest dental practices in Queensland, is just starting to have an effect on our financial results. These effects will become clearer in coming periods. This acquisition has been a great success."

"Our company is looking ahead to the tenth anniversary of its listing on the Australian Stock Exchange on 11 March 2015. Since listing at 80c in 2005, the share price has increased to around $6.00, delivering compound annual growth of 22.3% over ten years."

"We are extremely proud of the results we have delivered over our first ten years as a listed company."

"From where I sit, the ten years ahead of us are at least as promising as the past ten years."