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M-Link puts balance sheet back in black.
Mar. 1--The mobile handset distributor M-Link Asia Corporation yesterday reported a 2004 net profit of 178.3 million baht, a sharp turnaround from 123.3 million in losses the previous year.
Sales and service revenues totalled 5.6 billion baht in 2004, up 19.5 percent from the previous year, on stronger sales of handsets.
Gross profit was 383.7 million baht, up 130.3 percent, with gross profit margins rising to 6.82 percent from 3.54 percent in 2003 because of more effective cost controls.
Sales and administrative expenses in 2004 declined 11.36 percent to 324.8 million baht, while improved inventory management helped cut losses on merchandise ...
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