Synergy Plus anticipates $1.5m profit

ASX-listed Synergy Plus (ASX:NSR) has released a positive profit estimate for the first half of the financial year.

According to an ASX statement made by Peter Cappendell, acting CEO, Synergy Plus anticipates a $1.5 million to $1.6 million operating profit before tax for the first half of the financial year.

Cappendell attributed the result to having "improved its market position and integrating the existing business with recent acquisitions."

Synergy Plus acquired Leading Solutions last November after it went into voluntary administration. McGrathNicol took control of the privately-owned business and its assets.

Last April, ASX-listed ComputerCorp, which began its operations in Western Australia, acquired the Synergy Plus business.

ComputerCorp changed the trading name of its operations to Synergy Plus last November.

Synergy Plus will release its half year results before the end of February.