PRESS RELEASE
20 December 2011

ILH 2010/11 Full Year Financial Results Announcement

ILH is an ASX listed legal services business with a developing network of member firms across Australia and the Asia Pacific region.
Australia

Integrated Legal Holdings Ltd ("ILH") is an ASX listed legal services business with a developing network of member firms across Australia and the Asia Pacific region. ILH is a top 40 Australian law firm by fee income and has over 175 employees including 22 principals and more than 70 lawyers.

ILH targets commercial clients in publicly listed companies, mid-market, government and SME segments, as well as high net worth individual clients. ILH has offices in Sydney, Melbourne and Perth and representative offices in Singapore and throughout the Pacific and client access to lawyers in North America, Europe and Asia.

ILH was the fastest growing law firm by fee income in Australia in 2009, and placed 2nd in 2010. (Source: Australasian Legal Business).

ILH achieved a top 5 ranking in the 2011 and 2010 BRW Fast Starters (Source: BRW Magazine - print)

Highlights:

Net profit after tax increased by 51% to $1.29m.

  • Earnings per share increased by 19% to 1.41 cents per share.
  • Operating revenue increased by 19% to $28.5m.
  • Operating cash inflows of $1.23m.
  • Strong balance sheet, cash reserves and conservative borrowings.
  • 20% growth in final dividend of 0.60 cents per share fully franked.
    • Record Date 14 October 2011; Payable 4 November 2011
    • The dividend re-investment plan will operate
    • Full year 0.90 cents fully franked - 20% growth
  • Continued acqusition growth
  • Wojtowicz Kelly Legal effective 1 February 2011 - $5.3m annual revenue.
  • PLN Lawyers effective 1 August 2011 - $2m annual revenue.
  • Expect growth in earnings per share in 2011/12.

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