Feeds

Azlan recovers its roar

Once ailing distie pulls off a profitable quarter

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Azlan Group today announced it had recorded a profit in its interim results and said it was looking at training and services acquisitions. The networking distributor saw pre-tax profit of £2.4 million for the six months ended 30 September 1999, up on a loss of £400,000 million for the same period last year. Sales rose by 26 per cent to £194 million. Azlan saw healthy growth in its services business, where turnover was up 57 per cent to £1 million. Its training business saw sales up nine per cent to £3 million, while its product business grew 28 per cent to contribute £11.2 million in revenue. The company said it was still not seeing any negative impact from Y2K. And it plans to grow its training and services businesses – which jointly brought in over 10 per cent of sales – partly through acquisition. "We are pleased to announce continued progress in improving the profitability of all our operations thus underlining the strength of our pan-European business model," said Azlan chairman Barrie Morgans. Azlan CEO Peter Bertram said Azlan was looking at buying companies in its high growth areas. "I don't need another warehouse or another logistics system. What I may want are some complementary training or services business," said Bertram. The company saw turnover for the UK grow five per cent, and in France, Germany, Holland and Italy sales averaged 43 per cent higher last year. It also announced the launch of an ecommerce business-to-business system. This trading platform will be launched in the UK next month. "We believe this will have a significant impact upon the business in the medium term, as will the next important event for the training business, the launch of Microsoft's Windows 2000 operating system in February 2000," said Morgans. In January, Azlan UK was cleared by the Serious Fraud Office after an investigation into financial irregularities. ® See related story: Azlan and those Fraud Squad investigations

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.