Half Year 2023 Datatec Ltd Earnings Call Transcript
Good morning. Today, we will be covering our First Half Financial Year 2024 Results Ended August.
Just to look at the agenda, starting with a summary from myself. Then we will go through the detailed financial results presented by Ivan, the CFO. Then I will go through an operational review of the divisions. And finally, I will close with some forward-looking remarks.
Summary. I'm on Slide 4. We had solid revenue growth of 15% and even better gross profit growth as the contribution rose 24%. This strong revenue growth, combined with healthy expansion in margins, drove EBITDA up $23 million or by 39% to $81 million. The leverage further down the income statement resulted in underlying earnings per share from continuing operations jumping more than fourfold to $0.096 per share.
Slide 5. The main features of our H1 performance were the ongoing strength in results from Westcon, a solid performance from Logicalis International and a turnaround in Logicalis LATAM. We had good operating cash flows from all
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