ASBISc Enterprises PLC published Consolidated Interim Report for H1 2010
ASBISc Enterprises Plc, a leading distributor of IT products in emerging markets of Europe, the Middle East and Africa, published its Consolidated Interim Report for H1 2010.
ASBISc Enterprises Plc, a leading distributor of IT products in emerging markets of Europe, Middle East and Africa, posted revenues of USD 270 million for the second quarter of 2010, 16.6% higher than in Q2 2009. For the whole H1 2010 revenues grew even stronger, by 28% to USD 600 million from USD 469 million in H1 2009, while gross profit grew by 44.66% to USD 27.3 million compared to USD 18.9 million in H1 2009. These results represent ASBISC’s stronger market position, that enables the Company to benefit from reviving demand. Despite strong growth in sales and gross profit, ASBISc Q2 2010 results were adversely affected by the steep currency movements against the U.S. Dollar, the Group’s reporting currency. Net loss for the period was U.S.$ 1.9 million as opposed to U.S.$ 6.5 million for the corresponding period of 2009.
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.
