- Dental supply manufacturer SDI (SDI) tables a 26 per cent increase in unaudited sales for the six months ending December 31, 2021
- Unaudited sales represented a record first-half performance, up to $46.2 million from the $36.8 million in the prior corresponding period (pcp)
- However, in the first six months of the 2022 financial year, there was a significant impact from increased logistics costs as a result of third party logistic disruptions
- SDI expects net profit after tax to be in the range of $2.5 million to $3 million for the six months ending December 31, down from the $4.6 million in the pcp
- SDI ends the day 8.25 per cent in the red with shares trading at 94.5 cents
Dental supply manufacturer SDI (SDI) has tabled a 26 per cent increase in unaudited sales for the six months ending December 31, 2021.
Unaudited sales represented a record first-half performance, up to $46.2 million from the $36.8 million in the prior corresponding period (pcp).
Most markets showed a strong demand driven by normal trading conditions resuming and the continuing momentum seen in H1 2021.
The only exception was the Australian domestic market which was impacted by the continuing NSW and Victorians COVID regulatory measures.
Furthermore, in the first six months of the 2022 financial year, there was a significant impact from increased logistics costs as a result of third party logistic disruptions.
Despite taking steps to reduce these costs, additional impost affected gross product margins by seven per cent.
The estimated total gross product margins for H1 FY22 fell by 12 per cent to 53 per cent compared to the prior corresponding period.
SDI expects net profit after tax to be in the range of $2.5 million to $3 million for the six months ending December 31, down from the $4.6 million in the pcp.
The company expects to release its half-year results on February 17.
SDI has ended the day 8.25 per cent in the red with shares trading at 94.5 cents in a $122.4 million market cap.