Trading and Distribution Division

Our Trading and Distribution Division registered revenue of $16.3 million for FY2007, increasing by 8.1% from $15.1 million in FY2006. This was due largely to increased demand for our products as a result of the booming construction industry.

This Division also recorded $2.9 million in profit before interest and taxation, up from $0.6 million in FY2006. This strong improvement was attributable to the increase in turnover as well as the gain from dilution of EDMI Limited as a result of a share placement made during the year.

During the year under review, we intensified efforts to strengthen the branding of our Bridex and RudolfTM range of metering products in the region through our channel distributors.

As a result of market research and promotional activities carried out last year, we are beginning to see greater awareness of these brands. Going forward, we will explore new markets such as the Middle East and India. We are upgrading our product offerings from generic products to more technological advanced products such as protection instruments for high-end industries and integrated automatic transfer switches.

Given its complementary nature to the Switchgear Division, we expect the Trading and Distribution Division to perform well in the current financial year. The strong construction sector should naturally provide this Division with more opportunities for product sales.

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