Atturra's half-year financial results

Atturra Limited (ASX: $ATA) has reported a profit of $2.7 million for the half-year ended 31 December 2023. The company's revenue for the period was not disclosed. The profit for Atturra Group after providing for income tax and non-controlling interest amounted to $2,709,000, a decrease from $4,334,000 for the same period in 2022. The company did not pay, recommend, or declare any dividends to its shareholders during the current half-year period.

Executive commentary on financial performance

Atturra Group is a leading Australian technology solutions business. It provides expertise across a broad range of specialist in-demand IT areas to deliver solutions to clients. The company uses transformative, market-leading technologies and business applications that enable digital transformations. Atturra Group engages over 1,000 consultants, IT, and support personnel in Australia, New Zealand, Singapore, and Hong Kong. The profit for Atturra Group after providing for income tax and non-controlling interest was $2,709,000, and shareholders' equity attributable to owners of the Company increased by $53,594,000 from 30 June 2023 to $132,032,000 as at 31 December 2023. The Group had cash on hand of $48,504,000 as at 31 December 2023.

Summary of financial report and outlook

Atturra Limited (ASX: $ATA) reported a profit of $2.7 million for the half-year ended 31 December 2023, a decrease from the previous year. The company did not pay, recommend, or declare any dividends to its shareholders during the current half-year period. Atturra Group's strategies include a focus on high-growth technologies and industries with high barriers to entry. The company aims to manage the entire customer technology lifecycle through its end-to-end IT Managed Services capability. The Group's cash on hand as at 31 December 2023 was $48,504,000, and it had 298,905,094 shares on issue. The values identified in relation to the acquisitions of Hammond Street Developments Pty Ltd, The Somerville Group Pty Ltd, Silverdrop Education Pty Ltd, Sabervox Pty Ltd, Techtonics Group Limited, and Cirrus Networks Holdings Limited are provisional as at 31 December 2023. Any true ups required to fair value of assets and liabilities taken on will be reflected as at 30 June 2024.