Mobile distie battles Dick Smith pain with stable result

By on
Mobile distie battles Dick Smith pain with stable result

Cellnet Group’s half-year revenue dropped by 4.4 percent to hit $41.8 million from $43.7 million in the previous corresponding period.

The company’s net profit after tax fell 6.45 percent to $1.63 million, down from $1.74 million in the previous period.

In a statement to the ASX, the company said the shortfall in profit was mainly due to the difficult trading conditions caused "by the Dick Smith group suspending all purchasing in the lead-up to the Christmas trading period last year."

According to Cellnet, “The company’s balance sheet remains healthy leaving it in a good position to continue to evaluate and potentially execute organic and acquisitive growth opportunities."

Cellnet distributes lifestyle technology products such as mobile phones, tablets, notebooks and hybrid accessories to retail and business channels partners within the ANZ region.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © CRN Australia. All rights reserved.

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register


Will the 457 visa replacement get you hiring from overseas?
Yes - We've been waiting for this
Yes - It'll become part of our recruitment mix
No - We prefer to hire locally
No - We're not eligible to use the new scheme
View poll archive

Log In

Username / Email:
  |  Forgot your password?