Synergy profit falls

Information technology services provider Synergy has announced a 15-per-cent decline in full-year, pre-tax profit, to $777,000 from $923,000, on flat revenue of $33 million.

Synergy has also appointed an independent committee of directors to evaluate possible changes in the company's shareholder base, including proposals for a management buyback. Until the proposals are examined, the board has decided to not declare a dividend, chairman Phillip Shewell said.