Pine Capital Limited Announces Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Calendar Year 2015
The outlook for calendar year 2015 is very strong due to the organic store growth of 6 stores within Indonesia, which represents a 43% increase on current stores in Indonesia. Through the opening in Ho Chi Minh City in Vietnam, Story-i will have embarked upon expanding into greater ASEAN, a population of some 600 million people. The underlying demand for the recent product launches, upcoming launches and higher margin accessory market presents a significant revenue growth opportunity.