Distribution Central builds on 2009 growth

Local business posts boost in sales revenue and gross profit

By Amanda Sachtleben, Auckland | Thursday, 25 February 2010
Distribution Central says it has kept building on the growth the company achieved locally last year, despite 2009’s harsh economic conditions.

The company’s local business posted boosts in sales revenue and gross profit for the year to 30 June 2009, turning its year on year bottom line from a loss of $24,500 to a $466,000 profit.

Companies Office records show sales revenue rose 22.4 percent to $3.11 million, with the gross profit more than doubling to reach $1.11 million.

Marketing director Nick Verykios says the company had to work harder to grow last year because of the downturn.

“It was a hard year, you had to go harder than you normally would. We won some, we lost some. But it has kept growing for us.”

The addition of vendors such as Avaya has also boosted Distribution Central, says Verykios, adding it has grown significantly in both Australia and New Zealand.

“The growth has come because we continue to invest,” he says. “It’s the same as in Australia. People have responded to what we’re doing in the market.”

WAN optimisation and security have proved to be particularly successful markets for Distribution Central, says Verykios.