Computershare profits took a hit over the last financial year, with the service tech company pointing to rock-bottom interest rates and US restrictions on mortgage foreclosures as the cause.
Net profit after tax fell 18.8 per cent over the year to $189 million, on revenue that crept up just 0.3 per cent to $2.28 billion.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
