Australia's Dicker Data logs best day in 5 years on strong annual forecast
28/08/2026 03:56
BUZZ-Australia's Dicker Data logs best day in 5 years on strong annual forecast ** Dicker Data DDR.AX shares surge as much as 17.4% to A$14.89, marking their sharpest intraday gain since August 2021
** Technology hardware distributor forecasts FY26 gross revenue of A$4.3-A$4.4 billion, up 11%-14% y-o-y, alongside PBT of A$162-A$165 million, implying a robust margin of about 3.8%
** Reports HY net profit after tax of A$60.7 million, up 54.1%, while gross revenue climbs 14.2% to A$2.1 billion
** Stock up 43.4% YTD, while rising 17.4% for the week
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))
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Australia's Dicker Data logs best day in 5 years on strong annual forecast