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ASG (ASX:ASG) boosts FY10 profit 9%

ASG (ASX:ASG) boosts FY10 profit 9%

IT services provider ASG Group (ASX:ASG) has lifted its FY10 profit 9% to $12.3 million as a shift to higher-margin products offset a decline in revenue.

The company posted a 5% decline in revenue to $129.8 million, but ebitda grew 6% to $21.6 million.

ASG Group Managing director Geoff Lewis said the company's margins had improved in FY10.

“This expansion is expected to continue due to a shift into higher margin segments such as cloud computing, software as a service and business continuity,” he said.

The company has declared a full-year dividend of 6.5 cents per share.

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Tags ASX:ASGASG GroupGeoff Lewisfinancial results

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