EXCELLENT RESULTS FOR ASBIS IN 2ND QUARTER AND 1ST HALF OF 2020 ALLOW THE GROUP TO RAISE THE BAR ON A MUCH HIGHER EXPECTED PROFITABILITY
(WorldNews Netherlands)

GROUP`S NET PROFIT UP 170% IN 2Q 2020 AND 81% IN 1H 2020 ASBISc Enterprises Plc, a leading distributor of IT products in the emerging markets of Europe, the Middle East and Africa, generated very good financial results in the 1st half of 2020. Sales revenues in the period were USD 880.9 million, compared to USD 788.2 million in the 1st half of 2019, an increase of 12%. Net profit in 1H 2020 grew by 81%, to USD 4.7 million, from USD 2.6 million in 1H 2019. In the 2nd quarter of 2020 stand-alone, ASBIS generated sales revenues of USD 380.4 million (3% higher than in 2Q 2019) and earned a net profit of USD 2.5 million, an increase of 170% compared to the same period of the prior year. ASBIS...