19 February 2009 First half results up 34%\u00a0 – Interim Dividend Declared<\/p>\n
Leading Australian IT and e-commerce company Manaccom Corporation Limited (ASX:MNL), today announced a 34% increase in net profit after tax for the half year to December 2008.<\/p>\n
This is a result of 22% growth in the Online Division and a 20% growth in the Software Publishing and Distribution Division on a like-for-like basis.<\/p>\n
The audited results for the 6 months to December 2008 include revenue of $23.5 million, EBITDA of $1.9 million and a net profit after tax of $1.0 million.<\/p>\n
\u201cBoth divisions performed extremely well and have bucked the general trend with a strong result\u201d, Manaccom Corporation Limited CEO, Mr Mike Veverka said.<\/p>\n
\u201cJanuary trading has been strong providing a robust foundation from which to grow the business as well as the recent acquisition of Star System Solutions\u201d, he said.<\/p>\n
“The software publishing and distrubtion division was able to capitalise on the surge of sales of Netbooks with a\u00a0 range of software distributed on USB keys”, said Ian Mackay, CEO of Manaccom Pty Ltd (the publishing and software division).<\/p>\n
“Manaccom continues to receive exceptional support from the market-leading retailers for our full range of products.\u00a0 January was one of our best ever months as a result of retailers restocking after the strong retail sales over the Christmas New Year period”, Mackay added.<\/p>\n
Manaccom’s online division, recently announced that it signed a five-year agreement with NSW Lotteries Corporation appointing a Manaccom division, OzLotteries.com, as its exclusive onling selling agent.<\/p>\n
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The half year to December 2007 results include 4 months of trading from Manaccom Pty Ltd which was acquired in August 2007. The half year December 2008 include 6 months of trading.<\/p>\n