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Business Description: SMS Management & Technology Limited (SMX) is a consulting, technology and systems integration company. SMX specialises in improving operational performance and IT delivery through the implementation of strategy and the delivery of business and technology projects. SMX operates predominately within Australia, with operations also in Hong Kong, Singapore and Vietnam. There are two main business units: SMS Consulting and M&T Resources.
Strategy Analysis: SMX's strategy is focused on achieving both organic and acquisitive growth. It plans to achieve organic growth by increasing sales to existing clients in related services and increasing market share by contesting a larger part of the market. By extending and broadening its services SMX hopes to be able to contest more market segments. Acquisitions are also a key part of SMX's strategy and the company expects to use acquisitions as a means of entering into new specialist service segments. Critical to SMX's strategies is the need to maintain a competitive advantage in attracting and retaining skilled personnel. Geographic growth is also sought by following its clients into Asia and development of a dual shore strategy to augment the existing business.
SMS Management and Technology reported NPAT down 15.1% to $12.86m for the half-year ended 31 December 2012. Revenues from ordinary activities were $144.82m, down 14.6% from the same period last year. Diluted EPS was 18.4 cents compared to 21.5 cents last year. Net operating cash flow was $12.98m compared to $9.65m last year. The interim dividend declared was 13.5 cents, in line with 13.5 cents last year.
The Age 20/06/2013 |
Pre-split trading of shares in "New Newscorp," the print media-heavy spin-out from News Corp began quietly on Wednesday, and it will take a while to work out where the new vehicle is headed.
The Age 20/06/2013 |
Local councils that lost millions on investments made through Lehman Brothers have suffered a major setback, after the US arm of the failed bank blocked a deal that would have delivered the investors up to $210 million.
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