- Technology, hardware, software and cloud distributor Dicker Data (DDR) records a successful half year despite supply constraints
- The company had a half year revenue of $1.06 billion, up $63.2 million from this time last year
- Gross profit increased by 3.3 per cent to $99.6 million, compared to the first half of 2020
- Additionally, Dicker Data announced a nine cents per share dividend
- Dicker is up 0.19 per cent and is trading at $15.77 per share at 3:13 pm AEST
Dicker Data (DDR) has recorded a successful half year despite supply constraints.
The distributor had a half year revenue of $1.06 billion, up $63.2 million from this time last year.
Hardware was the largest segment, contributing $713.5 million of the total revenue.
Gross profit increased by 3.3 per cent to $99.6 million, compared to the first half of 2020.
It’s good news for shareholders, with Dicker Data announcing a nine cents dividend for each share owned.
Operating costs as a percentage improved slightly, down to 4.8 per cent from last year’s 4.9 per cent.
As of the end of June, Dicker’s total assets had increased to $639.4 million, with cash finalising at $45.2 million.
Earlier this month, Dicker purchased New Zealand based IT distributor Exceed Group for $68 million.
CEO and Chairman David Dicker is pleased with the first half results.
“Despite ongoing changes in the current environment we’re operating in, we will continue to focus on executing strategic decisions that ensure we continue to grow, meet challenging requirements and deliver value-added services to our vendors and reseller partners,” Mr Dicker said.
“The recent Exeed acquisition further demonstrates the commitment to take on new opportunities, deliver results for our people, investors, resellers and uphold our value proposition.”
Dicker was up 0.19 per cent, trading at $15.77 per share at 3:13 pm AEST.