SINGAPORE (Yosefardi) – SGX-listed Polaris Ltd booked profit attributable to owners of S$4.95 million in 2014, compared to profit S$555,000 in 2013.
Revenue rose 31.7% to S$133.09 million from previous S$101.09 million. Gross profit rose 35% to S$10 million from earlier S$7.46 million. Its assets totaled S$361.86 million while liability amounted S$23.43 million.
Polaris has recently invested in Indonesia, PT Trikomsel Oke Tbk., a leading distributor and retailer of mobile communication products, which has a network of retail outlets ”OkeShop” and “Global Teleshop” with close to 1,000 retail stores and serves thousands of third party resellers throughout Indonesia.