Dicker Data net profit up 300 per cent for half year

IT distributor, Dicker Data, has experienced a net profit after tax (NPAT) growth of a staggering 297.5 per cent to $3.7 million in the six month period ending 31 December 2011.

The 2012 first half yearly results were compared to figures from the previous corresponding period.

Revenues from ordinary activities were up 47.5 per cent to $221.7 million while net profit before tax rose by 299.6 per cent to $5.2 million.

According to Dicker Data, this is the best half yearly revenue result since the company’s inception.

The stellar financial figures were mainly attributed to the company moving into a larger purpose built warehouse with increased capacity in November 2010.

“This is an exceptional outcome as a result of a focused strategy on our core business for the whole of the reporting period,” Dicker Data's directors said in a statement.

“The increase in sales and profit also reflects our focus on maintaining a stronger vendor mix and our effort in improving our margins across vendor groups.

“Without the costs and distraction associated with relocating premises and the public listing, which was experienced in the comparative period last year, there was a more dedicated focus on increasing revenues and margins and consequently profit.”

Dicker Data is committed to continuing this strategy into the future.

More to follow.

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