Synnex NZ 2011 profits up 831%

closeThis article could be out of date, as it was published 9 months 16 days ago.

Things are seriously going well for Synnex’s New Zealand operation. With profits after tax up 831% and revenue increasing by just over 22%.

The financial results for the technology distributor cover the period Jan to Dec 2011 and our commentary is comparing with the previous 2010 year.
- Revenue increased from $40.2 million to $49.4 million
- Profit’s after tax increased from $86,536 to $806,137
- Cash on hand ended at just over $1 million
- Inventories are up 85% to $7.3 million
- Trade receivables are up 13% to $5.3 million
- These receivables average just 39 days
- Margin came in at 7.8% gross margin up from 6.6%
All in all a superb financial performance for the local operation of Synnex.

Follow Us
on Google+
Sponsored

Norton 360 Multi-Device

NetGuide Norton by Symantec is a well known antivirus suite, and although it was once associated exclusively with Windows PC, the latest version of Norton 360 makes the software available to Mac users as well.   Read More →