The company missed its profit guidance due to late negative accounting provisioning adjustments, according to a statement posted on the ASX.
Total net revenue for the group was $95.8 million, up one per cent on last year.
The results were impacted by adverse conditions in the small business sector, which is the target client base of Countplus member firms, according to the statement.
Countplus has declared a first quarterly dividend of two cents per share fully franked, down from three cents.
The reduction in the dividend is down to the company’s “very high pay out rate”, the current restructure of the company, and “investment opportunities” that are likely to arise in the next year, said Countplus.
Profits for 2015/2016 are set to take a $2.8 million hit as loyalty payments to Countplus firms licensed through Count Financial (following its sale to CBA) come to an end.
