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BSR AUSTRALIA BACK IN BLACK WITH US$1.2 MLN PROFIT.(Financial report)
MELBOURNE, July 2 Asia Pulse - BSR Australia, the parent company of Betta Electrical and Chandlers, is back in the black for the first time since its predecessor went into administration last year.
The new parent company was formed by a consortium of Betta store franchisees, who pooled their equity and ambitions to buy out the assets of Betta Stores Ltd after it went into receivership.
The reborn company today announced a net profit after tax of .4 million ($US1.19 million) for its first five months of trading.
That result "comfortably exceeded" the budget and positioned the company for a strong 2008 financial year, the company said.
"This is an excellent result for the group despite difficult market conditions and some robust competition," BSR chairman Garry Thyer said.
"Our main objectives for the first few months of the new BSR were to ...
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...28 Asia Pulse - National franchisor BSR Australia Ltd, the owner of Betta Electrical...year will be particularly busy," BSR Australia general manager Ian Brown said. The...on the best technology available." BSR Australia was formed last year to meet the buying...
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...Privately owned franchise operator BSR Australia Ltd, better known as Betta, is to...appliance franchises, the company says. BSR Australia took the Betta Stores retail franchise...Australia, including the Chandler brand. BSR Australia said today that it planned to invite...
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...Feb 13 Asia Pulse - The new owners of the Betta Electrical and Chandlers stores, national franchise group, BSR Australia Ltd, said hot weather in January had boosted sales of air conditioners. BSR general manager Ian Brown said the...
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SYDNEY, May 25 Asia Pulse - The chairman of national franchise group BSR Australia Limited, Everard Johnson, has announced he will stand down. Mr Johnson is resigning immediately to pursue personal business...
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...prices at the checkout. BSR AUSTRALIA BACK IN BLACK WITH US$1.2 MLN PROFIT MELBOURNE - BSR Australia, the parent company of Betta Electrical and...administration last year. The new parent company was formed by a consortium...
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- News wire article from: AsiaPulse News July 2, 2007 700+ words
...business opportunities. BSR AUSTRALIA BACK IN BLACK WITH US$1.2 MLN PROFIT MELBOURNE - BSR Australia, the parent company of Betta Electrical and...administration last year. The new parent company was formed by a consortium...
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- News wire article from: AsiaPulse News June 24, 2008 700+ words
MELBOURNE, June 24 Asia Pulse - BSR Australia Ltd, the parent company of Betta Electrical and Chandlers, has booked...core bonus support to its retailers." The new parent company was formed by a consortium of Betta store franchisees...
Source: HighBeam Research, BSR AUSTRALIA BACK IN BLACK WITH US$1.2 MLN PROFIT.(Financial report)