Cabcharge Profit $33.3m 1H2013

Transport payments company Cabcharge (ASX:CAB) have reported its first half results to shareholders.

• Cabcharge Net Profit $33.3 million, up 28.5 percent from $25.94 million in the previous corresponding period.
• Cabcharge broadened its product range with gift card sales increasing by 15 percent.
• Cabcharge's 85-year-old Chairman Reg Kermode said, "In these circumstances, we need to be adaptable while maintaining a clear focus on the motivators of our longer term growth - leading technology, high standards of customer service and choice, product innovation and targeted diversification building on our taxi and payments competence, our national focus and our experience in the land transport and logistics industries."
• CAB First half revenue up 1.2 percent to $99.8 million.
• Kermode said, "We remain cautiously confident about the prospects for our growth in the longer term, based on our technology, product innovation and diversification. While economic conditions obviously impact our business, we are well positioned as demonstrated by our performance throughout the GFC."
• Cabcharge also owns a variety of taxi brands including Black Cabs in Melbourne and Maxi Taxi in Queensland.
• Cabcharge announced a fully franked interim dividend of 18 cents per share.