Epicentre: Strong 1H11 results as guided, rev at $92.1m +123.8%yoy and net profit at $4.7m +158.9%yoy. Increase in rev was mainly due to increase in Sg sales from co’s six local stores (88.8% of overall increase) and distribution of Apple products (90.7% of increase)…
Msia operations also posted rev of $10.6m compared to prev yr’s $4.9m. Co is looking to expand in current mkts of Sg and Msia and will look to enter China this yr in the first tier cities...
To raise margins, co intends to raise contribution from non-Apple product sales from 15% to 20%. Declaration of 1c div for current period. Epicentre is trading at approx 13.5x P/E currently.
No comments:
Post a Comment