Distributor CHS Electronics grew rapidly at the end of 1997 as the company took advantage of its acquisitions, higher margins and tax reductions.
In its Q4 to 31 December, CHS made $23.8 million profit, compared to a $6.1 million profit in Q1 last year, on turnover of $1.8 billion, up 113 per cent over the same period.
Claudio Osorio, chairman and chief executive of CHS, said the 1996 take over of Karma International?s efficient operation, coupled with the Merisel business acquired from Merisel in 1995, helped improve the wholesaler?s net margin from 0.68 per cent in Q2 1997 to 1.3 per cent in the fourth quarter. A tax reduction plan also lowered CHS? costs.
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