Research Individual Assignment

Research Individual Assignment
Details: Mags Ltd is an Australian mail-order company. Although the
sector in Australia is growing slowly. Mays Ltd has reported
significant increases in sales and net income in recent years. While
sales increased from $50 million in 2009 to $120 million in 2018,
profit increased from $3 million to $12 million over the same period.
The stock market and analysts believe that the company’s future is
very promising. In early 2019. the company was valued at $350
million, which was three times 2018 sales and 28 times estimated 2019
management and many investors attribute the company’s success to its
marketing flair and expertise Instead of competing on price, Mags Ltd
prefers to focus on service and innovation. including: • free
delivery • a free gift with orders over $200.

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