Strathfield Q3 sales up

Strathfield Q3 sales up

Software Today owner and national mobile electronics retailing giant the Strathfield Group Limited (SGL) released its third-quarter results last week, which included a healthy sales growth of 42 per cent over last year.

When you include new stores that have been opened in the last year, total retail sales are up 42 per cent for the third quarter and 35 per cent for the nine months to the end of March. Of the "like-for-like" stores that were around for both this year and last, the figures are up 17 per cent for the March quarter and 16 per cent for the financial year so far.

A statement from the 87-store-strong SGL said that on the basis of those results profits are expected to be $16.2 million for the financial year, 8 per cent ahead of forecasts it made in its prospectus before listing on the ASX in July 1998.

The majority of the growth has been in the telecommunications sector but pleasing results have also come from Strathfield's range of computer software and office products. SGL managing director Andrew Kelly has told ARN in the past that it is planning to broaden its commitment to the sale of computers and related products.

"We are looking at opening our first electronics superstore in July in Queensland," Kelly said in March.

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