SLI Systems - Cost savings underpin PBT turnaround
SLI’s results reflect the business’s transitional status. Substantial savings were made to sales and marketing expenditure, which underpinned the company’s first year of profitability. We continue to forecast margin compression in the near term as the business begins its transition to an indirect sales model. Successful implementation of this shift remains the critical determinant of the business’s prospects.SLI Systems and its subsidiaries are engaged in the provision of site search and navigation technologies to connect site visitors with products on e-commerce websites. Co. operates its business in New Zealand, U.S., Australia, U.K. and Japan.
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