Dicker Data profit soars

By David Binning on Feb 24, 2012 2:29 PM
Filed under Finance

Bounces back after 'distractions' in 2010.

Home-grown distie Dicker Data today reported an impressive set of results for the half year ended 31 December 2011, featuring an almost 300 percent jump in net profit to $3.7 million.

Total revenue for the half year rose 47.5 percent to $221.7 million.

Dicker Data attributed the big increase in profitability to a “focus on maintaining a strong vendor mix and our effort in improving our margins across our vendor groups”.

The company also noted the previous corresponding period was weighed down by various distractions associated with relocating to larger premises in Sydney, as well as undertaking a public listing. Finalising the move to larger premsies was also highlighted as a key factor contributing to increased profitability.

No Dicker Data shares had changed hands by late afternoon today, although traders were submitting orders of over $0.50, more than 25 percent above today’s opening price of $0.40. 

 
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