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LED - will these light up the portfolio?
robbiepaul - Thu, 28 Dec 06 :
"In China alone,the current market for LED screens is 8 billion and it is forecasted to grow to 54 billion in 2008."
The company intends to grow organically but also plans to make suitable acquisitions when the right opportunity arises. It boasts of new contracts for expanding its sales network and will continue to pursue further contracts in the future. It is important to note that the environment that LED International operates in, is very competitive, however, it has expanded its activities significantly. Over the next few years LED International will focus on exporting its products internationally, make suitable acquisitions and of course develop its product applications. The listing on AIM will serve exactly this purpose. Currently, in the US, LED accounts for the 30%-40% of new signage and it is forecasted that by 2010 it will substitute other forms of lighting, thus creating a market valued at tens of billions of dollars. In China alone, the current market for LED screens is 8 billion and it is forecasted to grow to 54 billion in 2008. The growth rate of sales in 2007 is projected to be 55% falling to 42% in 2008. Of course, in 2006, the company grew its revenues by 152%.
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