Sunbridge operation updates  September 2015 quarter revenue of...

Sunbridge operation updates
 September 2015 quarter revenue of $17.86 million in line with expectations – YTD earnings as at September 2015 is $56.20 million
 Company maintains strong balance sheet with cash on hand of $33.32 million as at 30 September 2015
 Ongoing focus on controlling costs & overheads achieves surplus of $2.05 million for period ending September 2015
 Online sales commence with Pandist range now available online through leading ecommerce platforms Tmall and ICBC mall
 Pandist honoured with multiple awards, named as one of China’s top 3 menswear brands
Managing Director & CEO Commentary Commenting on the Company’s September quarter results, Sunbridge Managing Director and CEO, Mr Xu Jia Yin, stated: “In the current economic environment in China, our focus is on steady progress and risk prevention in order to achieve healthy and sustainable growth and development.”

“I am pleased to report that the marketing initiatives we have undertaken during the period have resulted in good brand recognition and traction, and this has certainly had a positive impact on our sales.”
“The launch of the brand onto two major online retail channels is also an exciting development, and we certainly intend to drive this in the current quarter and beyond in order to create a third revenue platform.”
“While we continue to maintain a cautious and responsible fiscal approach, we still have a focus on product development and innovation. Accordingly, we are currently collaborating with a leading manufacturer to develop functional ‘smart’ apparels, as we see definite synergies and growth potential here.”
“We hope to launch the first of these innovative products soon, and we anticipate that this will enhance our product range and boost our sales.
I look forward to updating shareholders further on this initiative and on our operations in the coming months.”