Comparison of the latest Appendix 4C, 1st quarter 2017 with the same quarter previous years 2016 indicates a significant improvement Receipts from customers ( Sales) up by US$ 2.6 mill for first quarter 2017.
Advertising and Staff costs are higher for the first quarter 2017. Are additional promotional activities ( advertising and staff) driving increased sales?
If this trend continues then SIE is in for a 'hell-of - a - year'
SIE Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
