ASBISc Enterprises PLC published Consolidated Interim Report for Q1 2011
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 Q1 2011.
ASBISc Enterprises Plc, a leading distributor of IT products in emerging markets of Europe, Middle East and Africa, posted revenues of USD 349 million for the first quarter of 2011, 5.63% higher than in Q1 2010. In the same period, gross profit grew by 25.97% and the gross profit margin grew by 19.08% to 5.56%, from 4.67% in Q1 2010. EBITDA grew by 76.29% to USD 4.506 million, from USD 2.556 million in Q1 2010. This allowed ASBIS to generate a net profit of USD 829 K, over four times higher than reached last year, and sustain its forecast of USD 1.6 billion to 1.65 billion of revenues and USD 6 million to 7.5 million of net profit for the whole 2011.
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