Investor Relations News
November 05, 2009
ASBISc Enterprises Plc, a leading distributor of IT products in emerging markets of Europe, the Middle East and Africa, posted revenues of USD 289 million during the 3rd quarter of 2009. For the quarter the company earned an operating profit of nearly USD 2.1 million, while net profit exceeded USD 1.1 million. These results represent significant improvement over the very difficult first two quarters of 2009, when the worldwide economic slowdown had a major impact on the company’s results.
November 05, 2009
Press-release: ASBIS posted revenues of USD 289 million during the 3rd quarter of 2009, while net profit exceeded USD 1.1 million.
August 12, 2009
Six months results affected by the forex losses but good signs of crisis bottoming down
August 12, 2009
ASBISc Enterprises Plc, a leading distributor of IT products on emerging EMEA markets, had revenues of USD 231,3m in Q2 2009 and USD 469,2m in H1 2009. In Q2 2009 the Company was able to generate operating profit of USD 210 thousand, but total H1 results were under strong influence of Q1 results. However, Q2 results indicate that the Company is at a turning point and that the worst seem to have passed. The Company has improved its gross profit margin to 5.1% in Q2 2009 from 3.0% in Q1 2009 and focusing on decreasing its reliance on the traditional components segment. The Group also continued its cost cutting job, significantly decreasing its administrative and selling expenses.
May 06, 2009
Results of Q1 2009 Under heavy Influence of Currency Movements and the Crisis
March 31, 2009
The revenues increased to U.S. $ 1.495bn in 2008, from U.S. $ 1.397bn in 2007, representing an increase of 7.0%. In 2008 our profits after taxation were adversely affected by the world's financial crisis (especially by the high volatility and steep depreciation of many local currencies) and ammounted to U.S. $ 4.103m compared to U.S. $ 18.686m in 2007
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