ASBIS near you

Our network of 27 subsidiaries located all over the EMEA region supplies Information and Communications Technology products and solutions across the globe. Find ASBIS office in your country.

Other headlines

February 23, 2021
Cooperation between ASBISc Enterprises PLC and Compulocks Brands began in 2018
February 11, 2021
Breezy will give a second life to Apple and other products what fits with the ...
February 08, 2021
Dear Sir or Madame, thank you for your interest in ASBISc Enterprises Plc ...
January 22, 2021
The "Success of the 2020“ award was presented to ASBIS Belarus VAD team during ...
December 23, 2020
‘‘Innovative Product of the Year’’ award has been presented to Prestigio ...
December 21, 2020
ASBIS Middle East awarded Best Distributor 2020 by the Reseller Forum and ...
December 10, 2020
ASBISc Enterprises PLC, has announced today that it has started distribution of ...
December 10, 2020
ASBIS expands its partnership with Seagate and begins distributing Seagate ...
December 07, 2020
December 6th, 2020. UAE. ASBIS Middle East, a subsidiary of ASBISC Enterprises ...
November 24, 2020
The partnership is tailored to meet the security orchestration, automation, and ...
Poland: Asbis announces profits and expansion plans

March 11, 2008

Poland: Asbis announces profits and expansion plans

Warsaw Business Journal informs that Asbis has reported its net profit for 2007 at $18.7 (zł.43.4) million - 68.8 percent higher than in 2006. The company posted sales for 2007 at $1.4 (zł.3.25) billion, a 38.5-percent y/y rise.

Warsaw Stock Exchange

Warsaw Business Journal

 

 

From Warsaw Business Journal, 10 March 2008
by Konrad Kiedrzyński

Asbis, a Cyprus-registered distributor of IT products in the CEE region, former Soviet republics and the Middle East, reported that net profit for 2007 came in at $18.7 (zł.43.4) million - 68.8 percent higher than in 2006. The company posted sales for 2007 at $1.4 (zł.3.25) billion, a 38.5-percent y/y rise.

The fourth quarter brought the company $464.2 (zł.1,078) million in revenues and $9.4 (zł.21.8) million in net profit - 35.7 percent and 51.9 percent higher, respectively, than in Q4 2006. The company intends to spend 20 percent of last year's net profit on a dividend payout.

In 2008, Asbis aims to develop organically and raise its profitability. The company is looking to develop its activities in the Middle East - it has purchased a warehouse in Dubai and plans to found a new company in Saudi Arabia as a result of a distribution agreement with Toshiba.

Last year, Asbis became a distributor for Toshiba products in Saudi Arabia and for Dell in Russia, Bulgaria, the Middle East and Cyprus. The company is also finishing the groundwork for a subsidiary in Turkey. It has also started the construction of a warehouse in Slovakia and is considering a takeover in Poland, although no negotiations have been held.

The company debuted on the Warsaw Stock Exchange in October 2007, and plans to withdraw from London's AIM market platform on March 18 of this year. The holders of AIM-listed shares will have the option to trade them on the WSE.

View the article in PDF (64KB)

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.