Dicker Data anticipates positive FY11 outcome

Dicker Data anticipates positive FY11 outcome

Net profit is expected to reach between $5.9 and $6.3 million

ASX-listed Dicker Data (ASX:DDR), is expecting net profit to reach between $5.9 and $6.3 million for the 2011 financial year ending June 30.

This result will be subject to extraordinary items and potential year-end audit adjustments.

At the same time last year, it achieved $4.5 million in net profit.

Sales revenue for FY11 is expected to range between $360 -$370 million, up from $287 million on the previous year.

Profit before tax from operations is estimated to reach $8.5 - $9 million, up from $6.5 million.

More details on the distributor’s financial performance will be released to the market in August.

In March, Dicker recorded $48.9 million in sales for the month. At the time, CEO, David Dicker, attributed the record result to an increase in its Toshiba business, increase in focus and hiring more staff.

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Tags Dicker DatatoshibaDavid Dicker2011 financial year

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