Salmat to pay dividend despite dive in profit

Communications company Salmat has suffered a 98 per cent decline in net profit after tax for the full year due to a loss in profit from discontinued operations along with restructuring, acquisition and separation costs.

Su-Lin Tan

Aug 26, 2014 – 9.43am

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Communications company Salmat has suffered a 98 per cent decline in net profit after tax at $800,000 for the year ended June 30.

Driving the decline this year was the loss in profit from discontinued operations, $5.9 million in restructuring and separation costs associated with the sale of the BPO division and acquisition costs relating to the Netstarter and Microsourcing deals.