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
November 05, 2008
In 9m 2008 Revenues Grown 21,3% and Net Profit Grown 13% Y-T-Y
September 01, 2008
In 1H 2008 revenues have grown by 30.5% and net profit by 130.7% year-on-year.
August 25, 2008
The Investment House of BRE Bank (Poland) has published an analytical report on IT distributors listed on WSE.
May 07, 2008
In Q1 2008 ASBIS Group generated sales revenue of over USD 360m (up by 38.9%) and the profit of USD 5.5m which translates into an over three times increase over the similar period in 2007.