Pine Capital Limited announced earnings results for the year ended December 31, 2014. For the year, the company reported revenue of AUD 18.3 million against AUD 21 million a year ago. EBITDA was AUD 1.4 million against AUD 1.6 million a year ago. There is 11% increase in net profit.

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.