GCS result
GCS (the Government Computing Service) reports an after-tax profit of $4.9 million for the six months ended September 30. This is 32 per cent down on the result for the first half of last year. Turnover was down 10%. However, the general manager, Mr Michael Foden, says the corporation will grow more than 20% in the current year, compared* with a forecast industry average of 10.5%.
He blamed the fall in revenue and profit on price cuts, from August, 1988, having their first full effect.
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Press, 19 December 1989, Page 29
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87GCS result Press, 19 December 1989, Page 29
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