ASUS South Africa and Mustek announce new sales partnership

Listed assembler and distributor of personal computers and complementary ICT products in South Africa, Mustek has partnered with ASUS South Africa’s Republic of Gamers (ROG).

Availability and distribution will commence on the 16th October 2017.

In August, Mustek was officially appointed as an authorised Apple reseller for the South African market, selling and supporting Apple’s entire product range.

In the same month, the ICT group reported a drop in revenue for the year ended June 2017, citing reduced spending from the government sector.

The group’s revenue from continuing operations decreased by 0.8% to R5.24 billion, while profit from operations declined to R173 .6 million, from R188.8 million before.

Mustek’s headline earnings per share is 5.7% higher at 81.26 cents (2016: 76.88 cents) and basic earnings per share is 8.4% higher at 80.32 cents (2016: 74.13 cents).

The gross profit percentage from continuing operations was marginally down from 12.9% to 12.6%, predominantly as a result of product mix, the drive to reduce inventory levels and an increase in inventory provisions, it said.

“Although the gross profit percentages achieved by products such as Huawei Enterprise Solutions and Microsoft Volume Licensing are lower, their contributions to profit are expected to continue growing,” it said.

Read: Mustek revenue hit by reduced government spending

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ASUS South Africa and Mustek announce new sales partnership