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Dicker Data on track to exceed $1bn in revenue for 2015

Dicker Data on track to exceed $1bn in revenue for 2015

Earnings and profits soar after consolidation of Express Data

Dicker Data chief executive and chairman, David Dicker

Dicker Data chief executive and chairman, David Dicker

Dicker Data has had a bumper six months and is now on track to exceed the $1 billion revenue mark for 2015.

Its revenue for the six months till June 2015 was $531.5 million, up 6.7 per cent from the previous six months.

The result puts Dicker Data ahead of projections that it would hit the $1 billion revenue mark for the full financial year. In February, Dicker changed its financial year to align with the calendar year.

Gross profit for the six month period was $53.2 million, which is an increase of $7.8 million from the previous six months till December 2014.

The company’s total gross profit margin increased from 9.1 per cent in the six months till December 2014 to 10 per cent in the first half of this year.

The distributor’s largest vendor remains HP, with total revenue from HP sales at $145.9 million. This was an increase of $7 million from the previous six months. Dicker Data said this was due to a number of successful campaigns in the second quarter of 2015 around incentive-based end of year June promotions.

Operating costs for the six months were $38.6 million, a decrease of $4.5 million from the previous six months.

The company’s net profit after tax was $10.1 million, up from $1.6 million in the previous six months. Profit for the six months till December last year was affected by the acquisition of Express Data.

Dicker Data finished June 2015 with $11.2 million cash on hand, an increase of $7.5 million from the previous six months.

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