Dimension Data has reported earnings of 0.9 US cents a share for the year to September, up from a loss of 2.7c a share the previous year.
Total turnover for the year rose from $2.1 billion to $2.48 million, while an operating profit of $25.67 million before goodwill amortisation, impairment and exceptional items compares with a loss of $14.89 million previously.
The group posted a loss of $4.39 million on ordinary activities before tax, an improvement on last year`s $398.74 million loss.
A $37.8 million loss for the year compares with a previous loss of $420.38 million.
The group says that if it were to exclude exceptional operating costs, amortisation and impairment, other non-operating exceptional items and minorities and an exceptional tax charge, it would report an adjusted profit of $11.43 million, against a previous loss of $36.36 million.
"Dimension Data has made substantial progress over the past financial year," says CEO Brett Dawson.
"The implementation of our growth, including improved focus and investment in solutions and services, coincided with an upturn in market conditions. This resulted in pleasing progress in turning around underperforming geographies and an excellent performance from our solutions lines of business where revenues increased by 28%."
He adds that the demand outlook for the new financial year is tempered by global macroeconomic uncertainties.
"We are nevertheless well positioned for growth due to ongoing investment in our value propositions and solutions offerings and are focused on driving further improvements in returns."
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