Dicker Data Stock Surges ~8% After Revealing Strong 1H Profit Growth

  • Jul 02, 2020 AEST
  • Team Kalkine

An information technology company, Dicker Data Limited (ASX:DDR) provided an update on the first half 2020 revenue and anticipated profit for the half-year ended 30 June 2020.

  • DDR mentioned that more than A$1 billion revenue achieved for 1H20, that represents a rise of 18.3% over the same period last year.
  • Net profit before tax is projected to finalise at nearly A$40 million for 1H20, up by 25% on pcp.
  • June is another record revenue month with revenue finalising at circa A$224 million.

On 2 July 2020, DDR quoted at A$7.550 up by 7.857% at AEST 12:07 PM.

 


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