SIS earnings jump 29pc

SIS International Holdings has reported a 29 per cent jump in attributable profit to $24.38 million in the year to December, helped by a 60 per cent rise in turnover to a record $1.6 billion.

Directors said the performance was due to anticipation of downward pressure on prices and margins for computer vendors. Earnings per share rose to 9.6 cents from 7.4 cents. A final dividend of 2.5 cents was declared after no payout was made in the previous period.