SAP NZ reports sales up 20 percent

SAP New Zealand's sales for the year ended December 2008 grew nearly 20 percent over 2007, up from $47 million to $56.2 million.

According to accounts lodged with the Companies Office this month, SAP New Zealand's gross profit grew from $14.6 million to $18.8 million. Net profit before tax rose from $6 million to $9.4 million.

After tax profit was $6.5 million.

An SAP representative was not immediately available for comment.

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