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ASG profits jump by 30 per cent

ASG profits jump by 30 per cent

WA integrator thanks eastern expansion for results

Western Australia-based integrator, ASG Group, has reported a net profit after tax of $2.9 million for the six months to December 31. The growth represents an increase of 30 per cent over the previous corresponding period.

ASG managing director, Geoff Lewis, said the figures reflected its geographic growth in the eastern states. Its revenues also rose 18 per cent for the half year to $33 million. Shareholders will receive a fully franked dividend of 1.5 cents per share.

"Our latest round of results reinforces what we've been saying all along: namely, that we have a strategy to rollout the business across the country and start getting opportunities on the east coast," he said.

Lewis said education and health were proving the most lucrative markets for its managed services offerings such as network and data hosting, as well as business solutions around installing Oracle applications.

The business was also finding traction with customers impressed that it didn't suffer from what Lewis coined "the Sydney-Singapore-San Francisco syndrome of decision-making".

Currently operating out of WA, NSW, VIC, QLD and the ACT, Lewis said there were plans to add an SA office at some stage during the next 24 months.


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