Pleass Global records outstanding 2014 results
April 5, 2015 12:00 am
Pleass Global Limited recorded an increase in their profit by 21% for last year, 6% more when compared to 2013.
Its revenues grew by 19% in 2014 with export growth a major contributor.
PBP has realized an after tax profit of $688,459 from operating activities.
This is down 25% on the 2013 recorded profit of $916,514 only because of the extraordinary gain that year.
The company says the significant influence on the 2013 results was the revaluation of real estate; PBP’s land in Kila Estates, Namosi, to fair value in October 2013.
The company recorded an outstanding performance in 2014 with 92% increase in trading profits and increased OROS of 9% over 5% in 2013.
This result reflects a good underlying trading performance by PBP in 2014, delivering a solid improvement in revenue and profits, driven largely by export growth.
The company’s two brands of water; AquaSafe® Natural Artesian Water
and VaiWai® Natural Artesian Water remains major influences of company performance.