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Business Description: ASG Group Limited provides technology applications and business systems integration to government agencies and private companies nationally. The company is a certified partner with many vendors, such as HP, Oracle, Microsoft and Redhat.
Strategy Analysis: ASZ have made significant progress towards the objective of expanding the Company and broadening its service offerings. The plans called for entry into the SAP market with our traditional services as well as rapidly gaining capability in Business Intelligence and Consulting services. ASZ is alert for an opportunity for one or more acquisitions or mergers to lift them into a size range which will allow them to capture more significant business from multinational IT Services organisations. The huge proportion of IT Services businesses held by foreign companies is mainly a function of the lack of suitably large, genuinely capable, viable Australian players to provide serious competition at the top end of this market. The end objective of ASZ's current strategy is to provide Australian clients with that alternative. .
ASG Group reported NPAT up 28% to $15.69m for the year ended 30 June 2011. Revenues from ordinary activities were $153.49m, up 27% from last year. Diluted EPS was 0.0965 cents compared to 0.0867 cents last year. Net operating cash flow was $19.64m compared to $15.88m last year. The final dividend declared was 5.5 cents, taking the full year dividend to 7.5 cents compared with 6.5 cents last year.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...