Sausage profits sizzle

Sausage profits sizzle

Sausage Software is feeling bouyant after reporting a $1.56 million after-tax profit for the year ending June 30, a record result, chairman Gil Hoskins said this week.

"That's a turnaround of $10.94 million. It's pleasing in that we have not only covered the cost of operating the business but also the cost of four acquisitions and three major new shareholdings," he said.

Sausage acquired Electric Alchemy, Creative Access, an enterprise accounting resource company-Prometheus Software Development and Open Trade Net Australia.

Prometheus was a major source of revenue for Sausage and Hoskings expects strategic shareholders Telstra, St George Bank and Intel will provide a significant flow of revenue in the future.

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