Story image

Enprise ekes out small annual profit in drive to grow NZ market

16 Jun 2015

Enprise Group, the accounting software reseller, posted an annual profit in its first filing on the NZAX as it places greater emphasis on the New Zealand market, where it derives most of its revenue.

The Auckland-based company reported a profit of $232,000, or 3.4 cents per share, in the 12 months ended March 31, turning around a loss of $231,000, or 4 cents, a year earlier, it said in a statement. Revenue increased 5.8 percent to $7 million, of which two-thirds were derived in its New Zealand unit.

Enprise shifted its listing to New Zealand's Alternative Index for small-cap firms from the ASX in December, and in February bought MYOB EXO practice Global Bizpro, the second biggest reseller of the software in New Zealand, which is expected to add about $1.6 million in annual revenue.

"Enprise Group is leveraging its position as the only MYOB EXO reseller with offices in both New Zealand and Australia to target trans-Tasman businesses," the company said. "Enprise Group is actively exploring other opportunities in the SME software market."

The company is made up of three software-based businesses, Enprise Solutions, which is a reseller and servicer of MYOB EXO accounting software, Enprise Software, which develops software for SAP Business One accounting software, and Datagate Innovation, a developer of cloud portal software for telecommunications and utility companies.

Enprise's New Zealand unit boosted sales 30 percent to $4.7 million, while its Australian division posted a 28 percent decline in revenue to $1.7 million.

The company's shares last traded at 50 cents, and have climbed 11 percent this year.

Better data management: Whose job is it?
An Experian executive’s practical advice on how to structure data-management roles within a modern business environment.
Platform9 and Intersect partner to bring unified cloud to A/NZ
“For Intersect, Platform9 represents the single most strategic solution to a set of challenges we see expanding across the board."
Meet the future of women in IT
Emily Sopers has just won Kordia’s first ever Women in Technology Scholarship, which was established to address gender imbalance in the information and communications technology (ICT) sector.
Web design programmers do an about face – again!
Google is aggressively pushing speed in the mobile environment as a critical ranking factor, and many eb design teams struggling to reach 80%+ speed scores on Google speed tests with gorgeous – but heavy - WordPress templates and themes.
Digital spending to hit US$1.2 trillion by 2022
A recent study by Zinnov shows that IoT spend reached US$201 billion in 2018 while outsourcing service providers generated $40 billion in revenue.
'Iwi Algorithm' can grow Aotearoa's mana
Ngāti Whātua Ōrākei innovation officer Te Aroha Grace says AI can help to combine the values from different cultures to help grow Aotearoa’s mana and brand – and AI is not just for commercial gain.
Dropbox brings in-country document hosting to A/NZ & Japan
Dropbox Business users in New Zealand, Australia, and Japan will be able to store their Dropbox files in-country, beginning in the second half of 2019.
Why 'right to repair' legislation could be a new lease on life for broken devices
“These companies are profiting at the expense of our environment and our pocketbooks as we become a throw-away society that discards over 6 million tonnes of electronics every year.”