SMS net profit after tax up 57%

Stan Beer
Wednesday, 30 August 2006 08:30

IT Industry - Listed Tech

Technology services provider, SMS Management & Technology Limited (ASX:SMX), has had a bumper year, announcing a net profit after tax of $11.8 million, up 57% on 2005. Australian consulting revenue grew by 24% over 2005 taking total revenues to $128.4 million, up 16% on 2005.

“We are delighted with the result and the value delivered to our shareholders, clients and employees,” Mr Tom Stianos, Chief Executive Officer of SMS said. “We are delivering on our strategy of improving margin performance whilst extending services in key markets. The enthusiasm, energy, dedication and commitment of our people are driving this improvement which has seen six consecutive halves of strong growth.”

SMS also expanded its operations physically, increasing consultant numbers in Australia by a net 59, while back office support staff and International staff numbers were reduced. The changes led to total staff numbers increasing to 828.