Half Year 2021 Datatec Ltd Earnings Call Transcript
This is a webcast only. So for those who are listening in and watching in, please type any questions you have as we go, and we will be able to answer it -- address them at the end of this presentation session.
So the agenda today follows a similar format to previous reporting with some additional information, given the current global COVID situation. I will start with a summary update and then hand over to Ivan to present the detailed financial results, followed by my operational review and closing remarks on prospects and outlook.
So Slide 4, financial results summary. Our overall revenues were broadly flat. There was growth in Westcon but decline in Logicalis. This mix change affected overall gross profits -- gross margins as margins are lower in the distribution segment. All divisions delivered solid performance as falling operating costs cushioned the effect of lower gross profits, meaning, that we managed to deliver good profitability in this period despite the difficult environment. EBITDA fell by $9
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