Half Year Accounts
Sydney, Feb 29, 2016 AEST (ABN Newswire) - The Directors of Story-I Ltd (
ASX:SRY) ("Story-I" or "the Company") present their financial report on the Company and its controlled entities PT Inetindo Infocom and Story-I Pte Ltd (the "Group") for the half year ended 31 December 2015.
Review of Operations
The profit attributable to members of Story-I Limited (Company) for the half year ended 31 December 2015 (report period) was $844,356 (2014: $723,306). No dividends were paid or declared payable during or since the half year.
During the report period, the Company successfully raised $1,080,000 via the following:
Issue of 18,000,000 fully paid ordinary shares on 14 October 2015 at $0.06 per share pursuant to a placement.
The Company's current operating position and other activities appear in announcements released to the Australian Securities Exchange and should be read in conjunction with this half yearly report.
To view the half year report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SRY-909710.pdf
To view the investor presentation please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SRY-909960.pdf
About Story-I Ltd
Story-i Ltd (ASX:SRY); Singapore incorporated Story-I Pte Ltd operates 14 Apple and related stores in Indonesia through its 95% owned subsidiary PT Inetindo Infocom. The Indonesian operations are structured with Story-i branded stores retailing Apple products and accessories, iConnect retailing Samsung and Lenovo phones, computers and lifestyle accessories, and GeekZone providing software, equipment servicing and apps.
Story-i is an Apple Authorised Reseller and GeekZone is an Apple Authorised Service Provider, both located in Indonesia. Story-i is leveraged to the strongly growing affluent consumer population in Indonesia. This demographic shift and the well documented propensity towards mobile phones, personal computers and associated lifestyle accessories underpins the strong demand for Story-i's products. Story-i is following an aggressive growth strategy by organically growing store locations strongly while at the same time greatly extending its consumer reach with its recently launched online and application strategy.
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