Appendix 4E
Stock | Dicker Data Ltd (DDR.ASX) |
---|---|
Release Time | 27 Feb 2025, 9:51 a.m. |
Price Sensitive | Yes |
Dicker Data reports FY2024 results
- Statutory revenue up 0.7% to $2.28 billion
- Gross sales up 2.9% to $3.37 billion
- Net profit after tax down 4.2% to $78.7 million
- Dividend of 44 cents per share declared
Dicker Data Limited has reported its financial results for the year ended 31 December 2024. Statutory revenue for the consolidated entity was $2,283.0 million, up 0.7% from the previous year. Gross sales, which represent the gross proceeds from sale of goods and services, both as agent and principal, were $3,362.8 million, up 2.9%. At a country level, gross sales for Australia were $2,802.0 million, up 3.0%, and for New Zealand were $560.8 million, up 1.9%. Gross profit for the reporting period was $324.2 million, up 2.8%, with gross profit margins improving to 14.2% from 13.9% in the previous year. Operating expenses (excluding one-off costs) were $182.4 million, up 6.0%, with an increase in salary-related expenses and bad debts. Statutory profit before tax was $113.2 million, down 2.8%, and net profit after tax was $78.7 million, down 4.2%. Weighted average earnings per share were 43.6 cents, down 4.4%. The company declared a total dividend of 44 cents per share for the year.