Posted by Jimmy Song > 2013-08-30 19:31 | Report Abuse

DATASONIC’S PROFIT SOARS 122% DATASONIC HAS REPORTED A PAT OF RM35.64 MILLION FOR ITS H1FY2013 PETALING JAYA, 30 AUGUST 2013 – Datasonic Group Berhad (“DSONIC” or the “Group”) announced its second quarter results for its financial year ending 31 December 2013 (‘Q2FY2013’) with a revenue of RM59.01 million. The Group’s current quarter under review reported a profit before tax (‘PBT’) of RM22.80 million, representing an increase of 29% compared to its last quarter of RM17.65 million. The Group’s profit after tax (‘PAT’) recorded an increase of 37% to RM20.59 million compared to its previous quarter of RM15.05 million. The group’s revenue continued to be mainly derived from the supply of smart cards and consumables which generated a revenue of RM40.75 million, making up 69% of the total Revenue, has increased by 10% compared to its previous quarter of RM36.91 million. For the current financial period under review, the Group’s other main sources of profits are generated from the supply of hardware consumables, datapages and personalisation solutions, maintenance and technical support services which generated a revenue of RM14.14 million. For the first half of FY2013 (“H1FY2013”), the Group’s revenue increased by 42% from RM83.25 million in first half of FY2012 (“H1FY2012”) to RM118.29 million, and its PAT increased 122% from RM16.06 million in H1FY2012 to RM35.64 million. The increase in revenue and PAT are contributed by a greater supply of smart cards where a bulk of the supply resulted from an extension of existing contract, increased in deliveries of hardware consumables, and more effective cost control measures. The directors had on 30 August 2013 declared the first interim single-tier tax exempt dividend of 7.5 sen per share, amounting to RM10.13 million based on the issued and paid up share capital as at 30 August 2013. The Entitlement Date will be determined and announced in due course. Looking forward the Group are positive in delivering a better performance for the remaining period of the financial year ending 31 December 2013, barring any unforeseen circumstances. For more information about the Group please go to http://datasonic.com.my/ http://www.bursamalaysia.com/market/listed-companies/company-announcements/1395909