Datacraft Asia has reported strong growth for the year ended June 30, despite the economic woes in the region.
The Singapore-based communications and network systems integrator Datacraft Asia, which is a subsidiary of South African company Dimension Data who are also a stakeholder in Com Tech, reported a pre-tax profit of $US20.2 million, up by 48.5 per cent over the previous financial year. Profit after tax increased by 47.9 per cent over the last financial year to $US15.3 million, while revenue soared around 43 per cent over the previous year to $US205 million.
Patrick Quarmby, Dimension Data's international director, says the South African parent company was obviously concerned about the economic turmoil in the Asia-Pacific, and ascribes Datacraft's success in the region to the strength of its management team and its participation in the growing telco and data business sector.
Des Althorp, chairman and CEO of Datacraft Asia, reports that the group was profitable even in the countries most hard-hit by the economic crisis - Thailand and Indonesia.
However, the countries Datacraft is most active in - China, Hong Kong, Taiwan and Singapore - are those least affected by the economic troubles, he said.
Althorp says Datacraft remains confident of achieving a growth rate of 30 to 35 per cent for the first half of this year. He adds that Datacraft will continue to protect itself from exposure to local economic difficulties by continuing to expand geographically, with Korea and Japan as the next countries it will look to to establish local subsidiaries.