King Holdings Corp. reported a sales increase of 14.4% for the first quarter of fiscal 2008 - 2009, ended December 31, 2008. Net sales for the period were U.S. $ 109.8 million, $ 13.8 million more when compared with the same last year when he won $ 96 million. According to the group, this increase, coupled with gross margin resulted in a slight increase in its gain to 22.9% when compared with the 22.8% generated in the same period previous fiscal. Your gross profit was $ 25.1 million in the first quarter, compared with $ 21.9 million for the same period the previous year.
The group said in its report to the National Securities Commission, which closely follows the international economic phenomena and that it expects the impact of the global financial situation affect moderately the local market. "Panama shows good economic indicators supported by tourism, telecommunications, and transportation" and therefore "we expect more growth," the report said. Source
La Prensa, March 11, 2009.
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