Australasian Dental Practice

Wednesday, 19 February, 2025

11 Aug 2016 | Australasian Dental Practice

news > News and Events > Page 1

1300SMILES FY'16 Results deliver record full year dividend of 22.5c

Corporate Dentistry

1300SMILES Ltd has today announced solid and strong results for the year to 30 June 2016, with NPAT up 15.8% to $7.6 million and a final dividend of 11.5c per share setting new records, both as the largest dividend ever paid and the largest full year dividend up 17.2% to 22.5cps in total.


Managing Director and Founder, Dr Daryl Holmes said "the Directors of 1300SMILES are committed to declare dividends which give shareholders the opportunity to participate fully as the owners of the business."

According to Dr Holmes, "We are very proud of the overall result for 2016 - it is consistent and pleasing, but with a notable difference from previous periods. The unusual aspect of this good result is that it was achieved in a period in which Revenue was flat, at $36.4 million."

"I expect Revenue growth to resume, following the current period of political and economic uncertainty, and as it does so I expect we'll see an increased portion of Revenue falling through to the bottom line. Within the 2016 financial year we saw notably positive improvements from the third to the fourth quarters, and I expect this trend to continue into the 2017 financial year."

Dr Holmes went on to say "Our services to patients, our management tools, and our administrative processes have all improved radically over the past decade, but we have maintained our solid focus on providing quality dental care to patients, and attractive working environment to dentists and staff, and good financial results for shareholders."

"2016 was a year in which much of our profit growth came from internal improvements -- an achievement of which all our staff should be proud. Our relentless focus on costs and efficiency came to the fore and we finished the year leaner and more efficient than ever."

During the year, a Performance Management Project was largely completed, creating the best possible and most cost-effective corporate management system, involving a major upgrade of corporate management software - digitising, streamlining, and automating many head office and management processes, greatly improving access to better management data, faster, and at lower cost than ever before.

When talking about the dental industry and future, Dr Holmes went on to outline "The dental market remains somewhat confused by the activity of private health insurers, private equity firms and other players with shallow roots in the dental industry. 1300SMILES plays a long game and we will wait until the acquisition opportunities are better. I speculate that the current market conditions will create significant opportunities for us in the foreseeable future."

The company also reported ongoing strong demand for its Dental Vouchers scheme ($49 - $99pw direct debit payment plans) which fits perfectly with the company's key objectives of availability, accessibility and affordability.

Stream the latest dental videos...
VITA CAD/CAM Materials

Upcoming Events...

Jan 01 2025
Feb 18 2025

Siberian Dental Forum 2025

Krasnoyarsk, RUSSIA

Feb 27 2025

Maximising Recall Compliance

Live Online, AUSTRALIA

Feb 28 2025
Mar 04 2025
Mar 12 2025
Mar 15 2025
Mar 18 2025

TRIOS Café Webinar - A-Z Cosmetic Workflow with TRIOS

Australia & New Zealand, AUSTRALIA

Mar 19 2025

ITI Congress Colombia

Bogota, COLOMBIA

Mar 21 2025
Mar 21 2025

ITI Congress UK & Ireland

Birmingham, UNITED KINGDOM

Mar 22 2025
Mar 24 2025
Mar 25 2025

IDS 2025

Cologne, GERMANY

Mar 29 2025
Apr 02 2025
Apr 10 2025
Apr 12 2025

ITI Congress Southern Africa

Cape Town, REPUBLIC OF SOUTH AFRICA

Apr 15 2025
Apr 15 2025
Apr 17 2025

Dental Forum 2025

London, UNITED KINGDOM

May 01 2025
May 08 2025

PNDC 2025

Seattle, USA

May 08 2025
May 08 2025

TDA Meeting 2025

San Antonio, USA

May 12 2025
May 14 2025
May 15 2025

NCDS 2025

Myrtle Beach, USA

May 16 2025

BDA 2025

Birmingham, UNITED KINGDOM

May 20 2025

GalMED 2025

Lviv, UKRAINE

May 21 2025

Dentima Krasnodar 2025

Krasnodar, RUSSIA

May 22 2025

C.O Life Summit

Barranquilla, COLOMBIA

May 22 2025

ICOMS 2025

Singapore, SINGAPORE

May 23 2025

Famdent Show Mumbai 2025

Mumbai, INDIA

May 26 2025
May 28 2025
May 28 2025

Buldental - Bulmedica 2025

Sofia, BULGARIA

May 29 2025

CUSCO 2025

Urubamba, PERU

May 30 2025
Jun 07 2025
Jun 09 2025
Jun 10 2025

PACK EXPO Southeast 2025

Guadalajara, MEXICO

Jun 11 2025
Jun 20 2025

Scottish Dental Show 2025

Glasgow, UNITED KINGDOM

Jun 21 2025
Jun 25 2025
Jun 27 2025

ICOI Asia Pacific Congress 2025

Deagu, KOREA, SOUTH

Jul 22 2025
Aug 01 2025
Aug 07 2025
Aug 07 2025

IndoHealthcare Expo 2025

Jakarta, INDONESIA

Aug 22 2025

HKIDEAS 2025

Hong Kong, HONG KONG

Aug 28 2025

ABSO Meeting 2025

Hamilton Island, AUSTRALIA

Sep 03 2025

AAPD 2025

Kuta, INDONESIA

Sep 09 2025
Sep 12 2025
Sep 13 2025
Sep 17 2025

PharMed Cambodia 2025

Phnom Penh, CAMBODIA

Sep 19 2025
Sep 20 2025
Sep 25 2025
Sep 29 2025

PACK EXPO Las Vegas 2025

Las Vegas, USA

Oct 02 2025

IAO 2025

Padova, ITALY

Oct 02 2025

ITI Congress Brazil

Rio de Janeiro, BRAZIL

Oct 09 2025

Pragodent 2025

Prague, CZECH REPUBLIC

Oct 15 2025
Oct 16 2025
Oct 16 2025

DDS Global Congress 2025

Venice, ITALY

Oct 16 2025

ADOHTA-DHAA 2025 National Congress

Gold Coast, AUSTRALIA

Oct 24 2025
Nov 05 2025

ITI Congress Mexico

Mérida, MEXICO

Nov 06 2025
Nov 07 2025

ITI Congress Italy

Bologna, ITALY

Nov 08 2025

CDSS 2025

Singapore, SINGAPORE

Nov 14 2025

IDEC 2025

Jakarta, INDONESIA

Nov 20 2025
Nov 28 2025
Dec 05 2025

8th Dental Expo 2025

Lahore, PAKISTAN

Mar 20 2026
Apr 17 2026

IDEM Singapore 2026

Singapore, SINGAPORE

Nov 27 2026
Nov 26 2027
Nov 24 2028