LogiCamms in 2011-12 delivered record revenue, profit and dividends. Its net profit of $10.7 million was also well ahead of the expectations of analysts at Hartleys who were forecasting $9.8 million.

However, there was a lower than expected tax charge that partly accounted for the variance. The other promising aspect of the company’s performance was a marked improvement in margins, which are now tracking in the vicinity of 10 per cent.