Ann: DTL delivers another record full year result, page-4

Brilliant revenue result, but margins are very poor and cecreasing. I know through people who know the company well that the focus has shifted to resale of software which has very low margins of around 5% and the reason their margin is so low is sales costs come off the margin. The great news is 62% of their income is recurring so margins should increase.

All up though this is a good result, but they do need to look at how they can capitalise on the strong revenue. Their net assets have only grown from $53m to $57m which is poor.

I do think they have found their niche and they should power on.