REDtone International Bhd's pre-tax profit for financial year ended May 31, 2013 rocketed by 1,043 per cent to RM33.7 million from RM3.23 million in the same period last year.

Revenue rose by 32 per cent to RM141.29 million from RM106.97 million previously.

In a statement today, REDtone attributed the strong performance to the significant increase in its data and broadband business.

Group chief executive officer, Lau Bik Soon, said by the end of the fourth quarter, the company has successfully grown its data business in the corporate segment, expanded the number of wireless fidelity hotspots and made further inroads into major government data projects.

The improvement in data business, he said, has pushed data revenue up by 205 per cent to RM75.33 million from RM24.65 million in the last financial year.

"We are pleased to have achieved our data revenue target with the data business segment contributing close to 50 per cent to the company's total revenue in financial year 2013 (FY13), compared with 23 per cent in the previous financial year," he said.

Lau said the company was optimistic its growth uptrend will continue as it has secured numerous major data and broadband projects that will provide sustainable recurring income.

He said REDtone's collaboration with Telekom Malaysia on its Metro E and high-speed broadband services was expected to yield positive results while its network sharing and alliance agreement with Maxis Broadband Sdn Bhd will contribute to the group's earnings for the next 10 years.

"The company is also scheduled to launch its 4G Long-Term Evolution services in the fourth quarter of this year," he said.

Overseas, he said, REDtone's voice business and operations in China would remain profitable, contributing to the group's cash flow.-- Bernama