Dimension Data Holdings has reported a profit of $114.47 million for the year to end-September, up 100% from the $57.16 million of the previous year.
Of this, $92.53 million was attributable to shareholders of the parent, with $21.94 million attributable to minority interests. This compares with $40.6 million and $16.56 million, respectively, the previous year.
With exceptional items stripped out, the profit attributable to equity shareholders was $86.1 million, compared with a previous $30.18 million.
This was on revenue of $3.77 billion, up 23% from the $3.07 billion achieved in the 2006 fiscal year.
Earnings per share (EPS) of six US cents compare with 2.7c previously, while EPS before exceptional items increased from 2c to 5.6c.
The group has proposed a dividend of 1.5 US cents a share, up 50% from the 1c of the previous financial year.
CEO Brett Dawson says in a statement released this morning that six years ago the group identified emerging market trends it believed would be significant: the converged network, the converged client and multi-sourcing, and Dimension Data`s six lines of business are focused on profiting from these.
"The outstanding financial performance and record revenues of 2007 continue to validate our strategic direction," he says.
Dawson says that all six lines of business performed "exceptionally well", with converged communications growing 47.8%, network integration 17.6%, security 17.3%, Microsoft solutions 21.2%, data centres and storage 20.5% and customer interactive solutions 24.5%.
Plessey, Internet Solutions and Merchants also had very strong years, he says.
The Dimension Data share was trading 23c or 2.7% up, at R8.80, shortly after the figures were published this morning.
ITWeb will report more detailed information after the group presents the results in full to media and industry analysts this morning.
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