Australia’s No 1 accounting software company for SMBs, MYOB, now ASX-listed, has reported a net loss of $65.04 million for the half year to June 30, compared with a loss of $29.18 million in the same period of 2014.The latest

figure includes costs associated with MYOB’s relisting on the ASX in

May. The company says underlying profit came in at $19.8 million, while

pro forma EBTDA was put at $721 million, up 14 percent year-on-year.

Revenue for the six months was $161 million, up 8 percent. With

528,000 paying users, MYOB said its numbers are up 10 percent

year-on-year, and well ahead of the prospectus forecast.

Said CEO Tim Reed: “There was always going to be  a lot of attention

put on these first results post our successful IPO and I am delighted that, not

only have we delivered on expectations,  we have exceeded

 them.”