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. 

 
Follow us on Facebook and Twitter
 

Copyright © CRN Australia. All rights reserved.

Dicker Data profit soars
Tags
 
 
 
 
 
Top Stories
Datacom signs mega data centre deal with NextDC
Perth is first cab off the rank.
 
NewLease hires former MYOB and Oracle man as new CEO
Following death of co-founder Douglas Tutus.
 
Aussie firm aims to build 10,000-strong software army
Revolution IT banks on crowdsourcing to help win business.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
Which mobile device couldn't you live without?


Latest Comments
CRN Magazine

Issue: 329 | July 2014

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.