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Pleass Global Sales up 20%

Pleass Global Sales up 20%
Students and teachers of Labasa school for special education gathered for Pre-diwali celebration in Labasa on October 18,2017. Photo: AFA KAUMAITOTOYA
August 28
02:28 2014

Pleass Global Limited posted 20 per cent higher sales in the first half of this year compared to the corresponding period in 2013.

As of June 30, 2014, the company recorded $3.6 million sales revenue compared to $2.99 million the previous corresponding period.

Strong revenue growth

The strong growth in revenue is understood to have come from both the domestic and export markets.

The company recorded a net profit after tax of $371,593 for the six month period ending June 30, 2014, 224 per cent higher than the same period in 2013 which was $114,406.

Earnings per share are 6 cents, up from 2 cents for the comparable 2013 half year.

Managing director Warwick Pleass advised the board: “Increased activity in the local economy plus exports had the greatest impact on our improved position.

“I am pleased with the year-to-date June sales growth and report that July and August are also good months. We remain focussed on growing export to increase profit.”

Mr Pleass said the newly-launched brand, VaiWai® Natural Artesian Water was performing to expectations.

He further highlighted that AquaSafe® Natural Artesian Water has also found new export markets.

“The VaiWai® product is receiving fantastic public reviews and market response,” he said.

“The new ‘at source’ bottling facility and head office is under construction in Namosi and completion date remains first quarter 2015.”

Share trading

Mr Pleass, on the subject of share trading, said: “I hope our shareholders, and the market in general, appreciate the improved numbers.

“I also hope this will be reflected in trading and share prices. Company management have strived to grow value for shareholders and clearly this has paid off.”

Feedback: rachnal@fijisun.com.fj

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