Datacom FY net profit slides as revenue growth offset by higher expenses

Fri, 27 Jul 2018

By Rebecca Howard July 27 (BusinessDesk) - Datacom Group reported a 46 percent slide in net profit as stronger revenue growth was offset by higher expenses. New Zealand's biggest IT services provider said its net profit after tax for the year to March 31 was $23.5 million, compared to $43.7 million recorded in the 2017 annual report. Revenue lifted 9 percent in the year to March 31 to $1.27 billion. Capital expenditure, however, increased by 53 percent over the prior year to $55.4 million and operating expenditure on major investments i...

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