Investors Relations News
ASBISc Enterprises Plc Released Interim Results
ASBISc Enterprises PLC
(the "Company" or "ASBIS")
Interim Results
ASBISc Enterprises Plc ('ASBIS' or the 'Group'), a leading distributor of computer components in high growth emerging markets in Central and Eastern Europe and the Former Soviet Union, announces its unaudited results for the 6 months ended 30 June 2007. Notable highlights include:
• Revenue up by 26.7% to US$ 540,055,910 (H1 2006: US$ 426,368,013)
• Profit from operations up by 26.3% to US$ 5,644,013 (H1 2006: US$
4,470,010)
• Net profit up by 27.4% to US$ 3,168,171 (H1 2006: 2,486,070)
• EPS up by 26.9% to US$ cent 6.6 (H1 2006: US$ cent 5.2)
• Strengthened balance sheet position - cash and cash equivalents at end
of H1 2007 was US$ 14,937,898
Siarhei Kostevitch, Chief Executive of ASBIS, commented:
"We are pleased to report these results and have further progressed our strategy of further developing our distribution business alongside our own brand (Canyon & Prestigio) products.
We announced on 24 July 2007 that the Company is contemplating a fund raising and listing on the Warsaw Stock Exchange in the fourth quarter of 2007. The Company continues on this target and will make further announcements as appropriate."
For further information, please contact:
ASBISc Enterprises Plc 00 357 25 857 000
Siarhei Kostevitch, Chief Executive
Marios Christou, Chief Financial Officer
Costas Tziamalis, Investor Relations, Director
Seymour Pierce Limited 020 7107 8000
David Newton/ Parimal Kumar
Download full report :
ASBISc Interim Results H1'07 (.PDF, 37KВ)
Disclaimer: The information contained in each press release posted on this site was factually accurate on the date it was issued. While these press releases and other materials remain on the Company's website, the Company assumes no duty to update the information to reflect subsequent developments. Consequently, readers of the press releases and other materials should not rely upon the information as current or accurate after their issuance dates.
