Manaccom posts solid half-year results

Twenty per cent growth in the software distribution arm of ASX-listed, Manaccom, (ASX: MNL), has helped produce a 34 per cent increase in net profit after tax for the first half of the financial year.

Manaccom managing director, Ian Mackay, said the results were in line with what was expected, and growth was expected to continue, as January was the distributor’s strongest month to date.

“There are organisations like JB Hi-Fi, and others, which are still going very well in the market,” Mackay said. “We also did very well in December by releasing a range of products for netbooks that were USB-based, and the Trend Micro business continues to do well for us.

“We’re still looking for other products to add to our portfolio, as we believe we're in a very good position.”

One area Manaccom is looking to enter is the gaming market, which Mackay highlighted following the collapse of Ret Ant, though it was not interested in buying Red Ant itself.

Manaccom also had a busy end of fiscal year with acquisitions, buying up Star Systems Solutions to increase its play into the enterprise space, and software distributor, Intellitron.

The audited results for the six months to December 2008 for the company, which also includes an online division, reported revenue of $23.5 million and a net profit after tax of $1 million.