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SA computer distributor Mustek notches up 13.4% revenue growth

SA computer distributor Mustek notches up 13.4% revenue growth.

Johannesburg Stock Exchange (JSE) listed company announces full year results.

South African computer distributor Mustek recorded an increase in revenue for its continuing operations of 13.4% to R4.76 billion for the full-year ending June 2014.

According to a Mustek official, the company improved its gross profit percentage from 13.5% to 13.8%.

In a statement Mustek revealed that revenue growth during the period was supported largely by the growth of the Acer, Lenovo and Asus mobility product ranges.

Mustek's security arm, Mustek Security Technologies (MST), which distributes the security range of products also added to the company's positive growth results, the statement noted.

Mustek's financial director Neels Coetzee said in a statement, "At the beginning of FY14 we set out to deliver revenue growth to maximise our operational efficiencies and to secure competitive, sustainable margins, while continuing to expand on the diversification of products with growth potential.”

Mustek says its locally assembled brand Mecer also performed well constituting 20% of the company's turnover.

The Johannesburg Stock Exchange (JSE) listed firm has managed to increase its revenue and growth profits despite pressures weighing down on global personal computer sales.

According to the International Data Corporation (IDC), worldwide PC shipments fell by 9.8% in 2013, slightly better than a projected decline of 10.1%.

The IDC stated that shipments of portable PCs to Africa, the Mideast and Turkey also declined 18.2% year-on-year to total 2.7 million units.

Meanwhile, desktop shipments in this region fell 7.8% in the same period to reach 1.8 million units, according to IDC data.

The IDC further expects the Middle East and Africa PC market to experience a slight decline in 2014 because of weaker demand for desktops.

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