Dicker Data Hit By Acquisition
During the first half, Dicker Data’s operating expenses increased $30 million to $43.1 million due to a “significant increase in salary and related expenses” with the Express Data purchase.
Despite this, revenue jumped 121 percent to $498 million and net operating profit before tax was up 20 percent at $6.3 million. Gross profit during the first six months was $45 million, up from $18 million in the previous corresponding period.
“We’re happy with where the company is going, it’s got a good structure and we’ll make a few improvements and get good financial results,” CEO David Dicker said. “It’s a pretty large operation now and we’ve got to try to make it work as best as we can.”