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Tue 15 Oct 2002 04:00 AM

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Aptec reports big surge in revenues

Aptec claims that it generated US $70 million in sales for the third quarter and that net income was up 102% in the first half.

APTEC, the IT distribution company, has announced what it describes as its best ever sales quarter, generating US $70m in sales revenue. For the first nine months of the year, Aptec has generated US $185m in revenue and hopes to achieve US $250 million for the whole year. “The first six months of the year have seen a 102% rise in net income compared to last year, and last year was a very profitable one for us,” says Dr Ali Baghdadi, CEO of Aptec.Aptec reports that it has now enjoyed 11 consecutive quarters of growth. “Our success is nothing magical. We simply try to improve on what we do well. Our phenomenal growth has been achieved through our focus on customer satisfaction, a highly motivated management team, and re-investment of profits,” says Baghdadi.

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