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Computacenter profits slip in H1 amid acquisition costs

By BFN News | 07:24 AM | Friday 23 August, 2019


Computacenter reported slightly lower half-yearly profits as acquisition costs offset an uptick in revenues. The technology company said it expected to see a more significant contribution from its acquired businesses in the US during the second half of the year. For the six months through June, pre-tax profit fell 2.3% £50.8m and revenue increased 21% to £2.43bn. The decline in profit came as the company recorded a net charge of £2.7m, up from £0.1m a year earlier, principally related to the group's acquisition of FusionStorm. 'The board's outlook remains in line with its expectations, which were upgraded as per the trading update on 31 July 2019,' the company said. 'The board expects that the full year 2019 profit growth, in monetary value, will be the best in the company's history.' 'This performance will be predominantly achieved without the aid of acquisitions, however we expect to see a more significant contribution from our acquired business in the US during the second half,' it added. Story provided by StockMarketWire.com

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