Interim Result Update
SDL Interim Result Update 17 December 2020
Solution Dynamics (SDL or Company) advises that it expects to report first half FY2021 net profit
after tax of around $1.4 million.
SDL’s New Zealand business continues to suffer the industry-wide pressure of declining physical
volumes, partially offset by modest new business gains. The Company’s international Software &
Technology platforms are continuing to expand, particularly in North America. Activity levels at
SDL’s UK customers remains well down on the prior year although is around budget. Additional
costs are currently being incurred as SDL is increasing its investment globally in both in sales channel
development and customer support infrastructure (including developers and DevOps) to maintain
growth momentum and deliver expanded software functionality requirements that clients are
requesting.
SDL reiterates its prior guidance of full year FY2021 net profit after tax in the range of $2.0 to $2.5
million. Significant volatility around this range is possible and the key causes (including global health
and macroeconomic outlooks) are clearly beyond the Company’s control.
The Company expects to report its interim result around 25 February 2021.
For further information please contact:
Nelson Siva John McMahon
CEO Chair
+64-(0)21-415 027 +61-(0)410-411 806
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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