PowerSpeed Electrical bottom line improves

POWERSPEED Electrical Limited said the bottom line for the four months ending January this year had improved compared to the same period last year due to their expansion projects, a company official has said.

Addressing shareholders at the company’s annual general meeting held yesterday, managing director Hilton Macklin said the environment was illiquid, but there was demand for products although people have no capacity to buy them.

“In the four months to January 2014 there has been some improvements in the throughput of the company 9% improvement in turnover, 19% improvement in gross profit and the bottom line will be improved compared to last year same period,” he said.

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