Challenger Technologies is an IT lifestyle retailer and has 40 stores island-wide. In my teenage days, I have enjoyed shopping at Challenger store at Funan centre for computer games, software and computer accessories.
I have been holding this stock since the year 2011 which has rewarded me with dividends over the years.
Challenger Technologies currently make up only 1% of my portfolio.
Financials Over Last 5 Years
Revenue decreased
Revenue decrease mainly due to lower contribution from corporate sales in Singapore and closure of retail operations in Malaysia.
Lower Profit after Tax
Profit after Tax was lower for FY 2014 as compared to the previous years. This can be attributed to higher rental expenses and other operating expenses to support business operations. There is also higher expenses arising from the closure of Malaysia stores in FY 2014. Consumer market remained soft.
Dividends
On a positive note, Challenger Technologies have been paying dividends consistently ......