Ingram Micro sees turnover and profit up for '98

Ingram Micro’s worldwide results for the year ended 2 January showed turnover up 33 per cent to $22 billion. The broadline distributor posted net profit also up at $245.2 million, or $1.64 per share, a 27 per cent increase on the previous year. The fourth quarter showed turnover of $6.22 billion, up 21 per cent over the same quarter the previous year. Net profit rose 6 per cent to $73.2 million, or $0.49 per share. ®