Dimension Data Holdings has announced that the group’s
total turnover had increased by 8% - from £567,000 in the last half
of the previous financial year to £623,000 for the six months
ending 31 March.
The manufacturer of IT infrastructures reported as a financial
highlight a total operating profit of £5.6m, against the £2.5m loss
reported for the second half results of 2003 - before goodwill
amortisation and exceptional items.
It also reported a total profit of £906,000 compared with a loss
of £16.3m in the second half of 2003.
Chief financial officer Dave Sherriffs said that the group
improved the gross margin by half a percentage point to 21% in
relation to the previous six months’ results. Chief executive
officer Brett Dawson added that this meant that the group was
settling well into a stabilisation phase.
Cash at the bank and in hand, which includes short-term
investments, amounts to £198m, compared with the previous year's
figure of £219m.
“We have made significant progress in a number of areas over the
past six months. Our under-performing regions, the US, Germany and
South Africa, have returned to profitability, and non-performing
assets have been sold or realigned," said Dawson.
"We have improved our external focus, and the benefits of
investments made in management, processes, skills and solutions
capabilities have started to bear fruit, with our cost base under
control and productivity per employee increasing,” he said.
Written by
Computing SA staff
