Salmat strengthening market position

The acquisition of four digital and interactive businesses in late December was a key highlight for the half. The company claims that the $3.4m in net significant item costs relate to investment activity that will drive future earnings growth benefits.

In statement to the ASX, the company outlined that while statutory profit and cash flow were impacted by the net cost of significant items, the board still elected to increase the interim dividend based on their confidence in Salmat’s future prospects.

Grant Harrod, CEO of Salmat says, “This has been a busy and exciting first half for Salmat, with major activities relating to new service launches, business restructuring, site relocations and new business acquisitions.

“It’s extremely pleasing that we’ve been able to continue to increase underlying earnings while making investments for future growth.”

Harrod continued that other highlights for the first half included the relocation of Salmat’s BPO Victorian sites into a new facility at Ravenhall, the launch of a new strategy for the small to medium enterprise market, and a strong performance by Salmat’s Lasoo business.

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