DWS looks promising

We hold the stock in both our growth and income portfolios - here's why profits are up 50 per cent.

IT service business DWS Limited (DWS) announced first half financial results to the market last week. Overall, the numbers were in line with our forecasts, and reflect strong growth in the business when compared to the previous corresponding period (PCP). The business delivered a surge of 51 per cent in earnings before interest, tax, depreciation and amortisation (EBITDA) from $8.012 million to $12.082m. This was carried through to the net profit result, which was higher by 51.22 per cent, lifting from $5.1m to $7.60m.


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