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Chairman’s Statement
Consistent with our objective in not only the marketing and promotion fronts for these
investing in products development but also brands, including Nexstgo’s participation in
in raising the brand awareness of AVITA and 2018’s Consumer Electronics Show (CES) that
Primus, significant investment was made on was held in Las Vegas in January of this year.
Besides the launch of our AVITA Consumer The Group’s tablet products in North
Notebook PCs and Primus B2B/Commercial America, however, were impacted more
Notebook PCs, past year also marked the significantly by the aforementioned increase
introduction of the Group’s RCA branded in the costs of certain critical components,
tablets in the U.K. and in France, RCA specifically memory ICs. This industry-wide
branded and Venturer branded tablets development resulted in significant pressure
in South Africa, and Venturer branded on the profitability of tablets and computing
tablets in India, all handled by the Group’s devices during the year. Fortunately, as
fully-owned subsidiary Alco International prices of such components begin to stabilize,
Limited. In particular, the sell-through of retail buyers in North America gradually start
RCA branded tablets in the UK was very to return to placing greater quantity orders
encouraging and it is expected that the of tablets to the Group as the higher costs
penetration of RCA branded (as well as gradually become more easily transferred to
Venturer branded) tablets in retail channels consumers via higher retail prices.
in the U.K. will expand further.
6 ALCO HOLDINGS LIMITED ANNUAL REPORT 2018
