Pre-tax profit growth in Australia and Asia far outstripped Datacom Group's local operations for its year ending March 31, 2010.The privately-held, IT services company, headquartered in Wellington, has just released its 2010 full-year result.Revenue incre
Pre-tax profit growth in Australia and Asia far outstripped Datacom Group’s local operations for its year ending March 31, 2010.
The privately-held, IT services company, headquartered in Wellington, has just released its 2010 full-year result.
Revenue increased by 9.5% from $609 million last year to $667 million this year.
Net profit after tax increased by 13.8% from $26.6 million to $30.2 million.
Net profit before tax increased 8.8% to $42 million.
Pre-tax earnings from Datacom’s Australian and Asian business increased by 23%, but from its New Zealand operation pretax earnings were up just 2%.
Similarly, Datacom’s New Zealand’s revenue increased 7.3% to $295 million for the year, while Australia/Asia revenue increased 11.4% to $372 million.
The company reported that 1000 companies are now using its new payroll platform, and that its datacentre operations - which include a $30 million centre opened in Albany Auckland in May last year - are now making positive retures.
Datacom is 54% owned by Evander Management (itself 100% owned by Datacom executive chairman and recent Pacific Fibre investor John Holdsworth and his partner), and 35% by NZ Post. A mix of directors and managers hold the balance.
Staff numbers at year-end were up 10% to 3383.
160 staff were added in Australia and Asia; 148 in New Zealand.
Datacom has around 1100 staff in Australia and about 400 in Malaysia. The rest are in offices spread around New Zealand.
