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Dicker Data made a promise - and it looks like it is going to keep it

Dicker Data made a promise - and it looks like it is going to keep it

Strongly positioned to hit $30 million in pre-tax profit for the year

Dicker Data chief executive and chairman, David Dicker.

Dicker Data chief executive and chairman, David Dicker.

Dicker Data has had a good six months. The company's investor presentation for July 2015 makes for good reading if you are a Dicker shareholder, investor or partner - especially the unaudited revenue of $529.3 million.

If these figures remain steady for the remainder of the year, Dicker will pass the $1 billion revenue mark for the first time.

Its half-year result is up $31 million and 6.2 per cent on the six months to December 2014.

The unaudited results show a profit before tax of $16.2 million ($9.7 million after tax).

The company said the pre-tax figure was tracking ahead of forecast.

Gross profit grew 12.3 per cent over the first half of the year and 39.6 per cent over the same period in 2014 due to consolidation after the purchase of Express Data.

For chairman and chief executive, David Dicker, the most important take away was that Dicker Data was on track to fulfil a company promise.

“The key thing is that we said we would make $30 million in profit this year and we are at 16.1 million half way through so we are pretty much certain to get there,” he said.

“Everyone internally is sure we will hit the target; there is no more thinking we will.”

When asked about predictions for the second half of 2015, Dicker said the company was on track to hit similar numbers to those it had hit so far this year.

“We only really need 14 [million] and we have the same amount of time to do it in so it really shouldn’t be an issue,” he said.

“We are still working on getting some shares away which I am pretty confident we will do in the next couple of weeks. If we can do that, the interest savings alone will be substantial.”

"I would say we can definitely get there.”

The chairman was also buoyed by the company’s current share price.

“Our shares hit two dollars today which means they are now worth 10 times what they were when we listed the company a little over four years ago,” Dicker said.

“I find that an exceptionally satisfying outcome.”

What is sure to be a vital part of the strategy to hit the billion dollar revenue mark is the distributor’s Cloud Marketplace due to launch in the second half of the year.

The company described it as one of its “top initiatives of the year”.

Dicker Data is now a $266 million dollar company with $11.3 million cash on hand.

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Tags Dicker DatafinancialsDavid Dickerrevenuehalf year report

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