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News

  • Cellnet reports strong half-year

    Australia-based, trans-Tasman distributor Cellnet reported a 64 percent increase in net profit to A$1.52 million for the first six months to December 31, halfway through its fiscal year.

  • Cellnet upgrades profit forecast

    Trans-Tasman distributor Cellnet is targeting up to $1.88 million net profit for the year to June 30. The distributor raised its first half-year profit expectations from $1.06 million to $1.25 million, as well as its full-year net profit forecast to $1.76m-$1.88m. The announcement comes nearly two months after Cellnet forecast first-half profits would reach $880,000 in the six months to December 31, 2009. In a statement, Cellnet managing director Stuart Smith said the turnaround reflected its strong focus on core business lines, along with a more leaner, efficient organisation. Improvements in sales volumes during December, which were higher than any other previous month, were cited as the reason for the raised forecast. It is also in defiance of relatively modest gains in the retail segment over the Christmas season, he said. Cellnet exited IT distribution on both sides of the Tasman last year, selling this part of its business to Datastor in New Zealand. Smith pointed to Cellnet's debt free status.

  • Cellnet NZ: Jabra "not a great loss"

    ANZ distributor Cellnet has terminated its relationship with telephony brand Jabra, however New Zealand CEO Dave Clark says it is well represented in the space with other agencies. Dealing with Jabra has not been as ideal as Cellnet would have liked, says Clark. “I don’t see it as a great loss and we have more than enough brands within that space. Parting ways with Jabra is not the end of the world by any stretch.” Cellnet began distributing Jabra products two years ago, with New Zealand stocks supplied from the Brisbane office. In Australian Reseller News, Cellnet's Australian CEO Stuart Smith cited "erratic and unreliable supply" of products, making customer support difficult. “Jabra gave us erratic and unreliable supply – our customers would catalogue products, and Jabra was not delivering them on time,” Smith said. “The partnership was a very small and immaterial part of our business, and leaves no gaps in our portfolio – we have alternative vendors on-board, and more announcements to come.” In a statement, Smith said it was in discussions with Jabra to ensure a transition period to limit the impact on its customers but had already managed to secure alternative products. “We are constantly improving service to our customers and as a distributor this action is taken as a last resort – however, our focus on customer service and an improved reliable product offering is not able to accommodate inconsistent sporadic supply over prolonged periods of time."

  • Lexar, Cellnet sign ANZ deal

    Flash memory vendor Lexar Media has appointed Cellnet as an ANZ distributor. The company will be supplying Lexar’s range of products to the retail and telecommunications market.