Mustek has shown turnover up by 2,1%, to R3,48-billion for the year ended 30 June, while the gross profit percentage was a relatively stable 16,2%.
Included in the company's expenses is R67,8-million relating to realised and unrealised foreign exhange losses, which the group blames on the volative rand.
Mustek is in the throes of taking corrective action regarding to inefficiencies and duplication of functions and expects this process will continue to contribute positively to the group.
Distribution, adminstrative and other operating expenses actually decreased by 0,8%, with the forex losses stripped out of the figure, and are expected to drop even further.
While Comztek's results were negatively affected by the impairment of certain loans, Rectron's contribution to profit improved due to beter gross and operating margins.
Mustek expects the PC industy to receive a boost with the launch of Windows 7 in October and Microsoft Office 2010, as well as from some of the Microsoft server products. It is hoped these will stimulate the corporate market.
It believes the corporate market needs to start replacing aging computers as it cannot continue using them or upgrading them indefinitely.
Mustek also believes the landing of the Seacom cable and the opening up of broadband connectivity will also boost the market.