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Synnex Apac results show strong growth

Synnex Apac results show strong growth

Broad-based distributor Synnex has reported a 44 percent rise in regional pre-tax profits to $252.5million. According to a financial statement, Synnex Technology International, which includes Australia, New Zealand, Taiwan, Hong Kong and China, chalked up a record $10 billion in the full-year to December 31, 2009. This represented an increase of 20 percent year-on-year. Pre-tax profits were also significant higher, rising $175.5m to $252.5m over the same period.

IT products revenue was the biggest contributor to the overall result, increasing by 18 percent to $7.33 billion. Telecom product sales grew by 40 percent to $1.39 billion, while integrated circuit components revenue lifted 11 percent to $1.42 billion.

In a statement, Synnex Australia CEO Kee Ong said the results reflected its strong position with customers across Asia Pacific.


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