Multimedia and digital video distributor, Lako Pacific, has reported a maiden profit of $179,486 for the period ending December 31, 2003.
This is compared to a loss of $364,081 in the previous corresponding period, for the company formerly known as Pineapplehead.
The results reflect increased sales and margins, but also include the sale of the company’s sports graphics business in June 2003.
According to company directors, if sales levels are maintained in the current half-year period, the company should report a profit for the full financial year.
The company reported a loss of $484,014 for the year ending June 30, 2003.
In the past half year, Lako has focused solely on its core distribution business, which includes Australia-wide distribution of video-editing software and hardware under brand names Pinnacle, Ulead and ACDSee, and Internet products under Big Blue.
The company also recently signed exclusive distribution agreements for the Dicota range of computer bags and accessories and for the Vision Plus range of digital TV tuner cards.