Print distributor Dynamic Supplies cops revenue hit, maintains profits

By on
Print distributor Dynamic Supplies cops revenue hit, maintains profits

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.

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 5G disrupt the NBN?
Yes - Optus' 5G home broadband service is a winner
Yes - Everyone is mobile these days
No - The NBN may be imperfect, but 5G will be mostly mobile
Not yet - Give it a year or two for proper services and products to emerge and settle down
View poll archive

Log In

Username / Email:
  |  Forgot your password?