IT solutions company Oakton Limited
(ASX:OKN) has reported a 5.5 per cent fall in net profit to $6.9 million for the first half to the end of December compared with the previous corresponding period.
A general market slowdown and project deferrals by clients has contributed to a weak first half.
The company says the decision to hold staff levels in anticipation of demand improving has impacted the business.
Revenue slipped more than 7 per cent on the prior corresponding period to $85.4 million for the six month period.
An interim dividend of 5.5 cents has been declared.
