DiData ups profits
Print storyUK lets the side down...
Posted in IT Channel, 16th November 2006 10:50 GMT
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South African reseller DiData increased profits by 50 per cent in the year ended 30 September 2006.
Turnover grew 15.9 per cent to $3.1bn and operating profit was up by 50 per cent to $85m.
The company said network integration, converged communications, and security all helped it bring in a profit.
Profits grew in Africa, Asia, Australia, and the US by 43.7 per cent, 68.7 per cent, 10.3 per cent and 34.3 per cent respectively.
Europe disappointed with operating profit down to $1.5m from $14.8m in 2005. Losses in France, Switzerland, and a poor performance from the UK were blamed for the shortfall. There was some improvement in the second half of the year.
The company wrote off a $4.2m cost for closing its call centre in Cork and reducing operations in Milton Keynes.
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