Salmat bucks trend to post positive results

Pre-tax earnings were also $44m, and whilst the net earnings were down 71% on the previous year at just under $13m, this was in line with expectations after one-off expenses involving the launch of and the $300m acquisition of HPA, which was completed in November of last year.

Company chairman Richard Lee pointed to the acquisition as a key aspect of the company’s ambitions, as it looks to close in on the $1bn revenue mark over the coming financial year.

“We are excited about the opportunities [the acquisition] has presented to draw additional revenue from new products and services and an extended client base, as well as reduce costs through synergy benefits,” Lee said. “Progress to date on the integration of the combined BusinessForce division is very pleasing and we anticipate further gains next year and beyond.”

“Salmat has no immediate plans for further acquisitions. The focus now is on bedding down all of Salmat’s divisions and building on our unique capability to deliver one-to-one communication on a mass scale.”

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