Menu
Menu
Synergy Plus swings back to 1H profit

Synergy Plus swings back to 1H profit

IT infrastructure service provider Synergy Plus (ASX:SNR) has swung back to an $1.6 million pre-tax profit for 1H10, from a $1.1 million loss in the first half of FY09.

Revenue grew 3% to $76.9 million, as a result of the new business arising from the company’s acquisition of Leading Solutions, as well as increased enterprise-level data centre solution sales.

But expenses increased to $15.6 million from $14.4 million, due to costs incurred as a result of the Leading Solutions acquisition, the aborted acquisition of S Central, and the relocation of Synergy’s Perth and Sydney offices.

SNR shares are trading unchanged at $0.040.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags it servicesfinancial resultssynergy plus

More about Leading SolutionsS CentralSynergySynergy Plus

Show Comments