Mustek reports 13% revenue growth
Mustek, a JSE-listed distributor of personal computers and ICT products, has reported a 13.4% rise in revenue for the year ended June 2014, to R4.76 billion.
Mustek said that the main driver for revenue growth was increased demand for Acer, Lenovo and Asus product ranges, as well as the security range of products distributed.
Headline earning per share increased 38.3% to 100,72 cents, while profit from operations soared to R181.5 million, from R135.4 million.
The group upped its dividend per share to 28 cents, from 20 cents in 2013.
Looking ahead, Mustek said it has now completed the first phase of its expansion from an IT distributor into a well-rounded ICT provider of end-to-end hardware solutions.
“Every level of the technology stack is now filled by well proven branded products, from
tablets and computers right through to networking/fibre systems and CCTV surveillance solutions,” it said.
Recognising that desktop unit sales are not showing high growth, Mustek said it would push its strong variety of entry-level, mid-level and aspirational tablets.
The group noted that is also starting to see some traction in its Microsoft Volume Licensing offering, Huawei Enterprise Solutions, CCTV Surveillance and Cabling products and expects growing contributions to both revenue and profit going forward.
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