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ASG records net profit increase of 25 per cent

ASG records net profit increase of 25 per cent

17.7 per cent profit increase a record for the ASX-listed integrator group

With net profit up 24.8 per cent, ASX-listed integrator, ASG Group (ASX: ASZ) has announced a full year profit of $11.3 million.

The result was achieved on a revenue of $130.6 million, an increase of 17.7 per cent over the previous financial year.

For shareholders, basic earnings per share was 8.5 cents, up 20 per cent. The integrator's directors have declared a second half dividend of 4.5 per cent, bringing the full year dividend to 5.5 cents per share.

In a statement, managing director, Geoff Lewis, said the result surpassed all previous financial records, reflecting a strong performance across each of the company’s regions.

“The result was underpinned by our asset bank of long term managed services contracts as well as a number of new contracts secured during the year,” he stated.

“While we expect conditions in the broader IT services market to continue to be challenging in the year ahead, our sector of the market continues to expand and we are forecasting further growth in our revenue and earnings in FY10.”


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