Datacom boosts profit 43% as strong NZ growth offsets weaker Australia, Asia

Mon, 01 Sep 2014

By Suze Metherell Sept. 1 (BusinessDesk) - Datacom Group, the privately-held IT services firm, boosted annual earnings by 43 percent as gains in New Zealand offset a weaker Australian market and reduced Asian revenue after the sale of a call centre. Profit after tax was $51.4 million in the year ended March 31, up from $36 million the previous year, the Wellington-based company said in a statement. Sales rose 1.3 percent to $881 million. "The group maintained a 10-year compound annual growth rate of 12.5 percent for revenue and 11 p...

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