Posted by Jimmy Song > 2013-11-29 18:53 | Report Abuse

DATASONIC 3Q PROFIT INCREASES BY 188% Revenue of RM69.9 million and Profit After Taxation of RM23.4 million PETALING JAYA, 29 NOVEMBER 2013 – Datasonic Group Berhad (“DSONIC” or the “Group”) reported a revenue of RM69.90 million for its third quarter results for its financial year ending 31 December 2013 (‘Q3FY2013’). For its current quarter under review it delivered a profit before tax (‘PBT’) of RM28.09 million and a profit after tax (“PAT”) of RM23.44 million, representing an increase of 129% and 188% respectively, as compared to its preceding year corresponding quarter. On a segmental performance analysis, the Group’s smart cards and consumables contributed approximately 53% of the Group’s total revenue with a revenue of RM37.04 million reported for Q3FY2013. DSONIC’s other core revenue generating streams being the supply of datapages, personalisation solutions and site preparation for personalisation centres generated a revenue of RM26.19 for its current quarter under review. “The Group have been able to maintain sustainable profit growth quarter on quarter due to effective cost measures and strategic operation management implemented by our management. We believe that the Group is expected to deliver a better performance for the remaining period of the financial year.” commented Tan Sri (Dr) Mohamed Hashim, Chairman of DSONIC. “Our efforts in the past nine months has seen promising contributions to our steady growth and it gives us the assurance that our business focus and investment efforts have been strategically driven on the right track.” Tan Sri further commented. On 01 November 2013, the Group had announced a First Interim Single-Tier tax exempted dividend of 7.5 sens per ordinary share for the financial year ending 31 December 2013.