Australia's Dicker Data set for worst day in over 6 months on dismal FY22 results

Dicker Data

08/02/2023 03:05

** Shares of Dicker Data Ltd  DDR.AX  fall as much as 11.4%
to A$9.23, set to mark worst day since July 25, 2022, if losses
hold
    ** The computer parts distributor posts FY22 net profit
after tax of A$73.4 mln ($51.03 mln), a 0.3% dip from a year
earlier 
    ** Co says profit was almost flat due to increased salary
and finance costs along with macroeconomic woes like supply
chain disruption and increasing interest rates
    ** DDR declares final dividend of 2.5 AU cents per share
against 15 AU cents per share a year ago
    ** Co hits its highest level Oct 17, 2022
    ** Stock up 2.3% this year, as of last close
    ($1 = 1.4384 Australian dollars)
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))