Brisbane-headquartered Dynamic Supplies has taken a hit to its revenue in the 2017 financial year, with reported revenue down $10 million for the period.
Lodged to corporate regulator ASIC last month, the print-focused distributor's financial results for the year ending 30 June 2017 saw total revenue down 4.8 percent to $205 million, compared to $215.5 million in 2016. Revenue included interest received, which was $3 million in 2017, and $326,762 in 2016.
Despite the revenue decline, after-tax profits were relatively steady at $13.6 million, a decrease of 6 percent from $14.4 million in the financial year ending 30 June 2016.
The healthy profit margin was assisted by lower cost of sales and finance costs.
Cost of sales were down 5 percent to $176 million for the period, compared to $186 million in 2016.
CRN has reached out to Dynamic Supplies for comment.
Dynamic Supplies distributes both hardware and consumables, with a vendor list that includes Brother, Canon, Epson, Fuji Xerox, Kyocera, Oki and Samsung. The company had 109 staff at the time of the report.
The company is run out of Brisbane with branches in Melbourne, Perth, Adelaide and Sydney.
Dynamic has four companies under its wing, namely IT and audio-visual distributor XiT Distribution, Toner Warehouse, PrintSolv and 3PL warehousing and logistics specialist Dynamic Group Logistics.