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servcorp ltd (SRV) Snapshot

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07/14/14 - A$5.07
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09/16/13 - A$3.30
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servcorp ltd (SRV) Details

Servcorp Limited provides executive serviced and virtual offices; and information technology (IT), communications, and secretarial services. Its serviced offices comprise furnished CBD office suites with a receptionist, meeting rooms, IT infrastructure, and support services; and virtual offices provide the services, facilities, and IT to businesses without the cost of a physical office. The company also offers a range of meeting rooms, boardrooms, and private offices. It serves customers in Australia, New Zealand, Greater China, southeast Asia, Japan, Europe, the Middle East, and the United States. The company was founded in 1978 and is based in Sydney, Australia.

789 Employees
Last Reported Date: 08/26/13
Founded in 1978

servcorp ltd (SRV) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$430.9K
Chief Financial Officer
Total Annual Compensation: A$527.2K
Chief Operating Officer
Total Annual Compensation: A$781.5K
General Manager of Japan
Total Annual Compensation: A$562.5K
General Manager of Middle East
Total Annual Compensation: A$461.3K
Compensation as of Fiscal Year 2013.

servcorp ltd (SRV) Key Developments

Servcorp Limited Announces Change of Registered Office and Principal Administrative Office Address

Servcorp Limited announced effective 12 May 2014, the address of its registered office and principal administrative office have changed from Level 12 MLC Centre, Martin Place, Sydney NSW 2000 to Level 63 MLC Centre, 19 Martin Place, Sydney NSW 2000. The telephone and facsimile numbers remain unchanged.

Servcorp Expands Footprint in Asia by Adding the Metropolis to Portfolio of Grade-A Offices in Singapore

Servcorp announced that it is extending its footprint in Asia by adding 14,000 sq ft (1,300 sqm) of additional serviced Grade-A office space at The Metropolis in Buona Vista, Singapore, to its growing serviced office space. The new Servcorp Metropolis location boasts scenic views over Singapore's bustling hi-tech business park that is one-north. It will have 36 fully managed office suites and meeting rooms. The center offers total service facilities from professionally-trained receptionist and secretarial support, to a highly sophisticated information and communication technology (ICT) infrastructure.

Servcorp Limited Reports Earnings Results for the Half Year Ended December 31, 2013; Declares Interim Dividend for Fiscal 2014, Payable on April 2, 2014; Provides Dividend Guidance for the Fiscal Year 2014; Announces Expansion Plans for the Second Half of Fiscal 2014; Provides Earnings Guidance for Fiscal 2014

Servcorp Limited reported earnings results for the half year ended December 31, 2013. For the period, revenue was 15% up to $118.52 million and up 11% in constant currency terms. Net profit before tax was $15.06 million. Net profit after tax was $11.82 million, up 20% on the first half of fiscal 2013. Operating cash flow was $18.13 million, up 63% on the first half of fiscal 2013. Earnings per share were $0.12, up 20% on the first half of fiscal 2013. The directors of the company declared an interim dividend of 9.00 cents per share for the half year ended December 31, 2013, with a record date of March 5, 2014 and payable on April 2, 2014. The dividend will be unfranked. It is expected that the final dividend will be 9.00 cents per share, fully franked, bringing total dividends to 18.00 cents per share for fiscal year 2014. This would represent an increase of 20% on dividends paid in respect of fiscal year 2013. Payment is subject to currencies remaining constant, global financial markets remaining stable and no unforeseen circumstances. The company reported that it plans to open a further five floors in the second half of fiscal 2014, bringing the total to eight large floors in fiscal 2014, which will add approximately 10% to office capacity. This will bring the total expected floor openings to 80 in the 60 months to 30 June 2014. The company provided earnings guidance for fiscal 2014. The company expected earnings growth to continue in fiscal 2014.


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