Datasonic Q3 net profit jumps 84%

PETALING JAYA: ICT solutions provider Datasonic Group Bhd’s net profit jumped 84% to RM14.65 million in the third quarter ended Dec 31, 2017, from RM7.97 million a year ago, due mainly to contribution from a new passport booklets project and effective cost control.
Revenue for the quarter decreased 18% to RM60.3 million, compared with RM73.2 million in the previous corresponding period attributed to lower revenue contribution from the supply of consumables, passports and personalisation services.
“We are pleased with the performance for this quarter as compared to the corresponding period last year. We are optimistic on the business outlook and future growth of the group, especially for financial year 2019 onwards,” its group chairman General Tan Sri Mohamed Hashim Mohd Ali (Rtd) said in a statement.
“We will continue to work hard and work smart to secure new big projects and to improve shareholder value,” he added.
Mohamed Hashim said the group is determined to expand its business locally, regionally and globally to bring the company to greater heights.
Datasonic said it has an outstanding order book of RM750 million as at Dec 31, 2017.
Mohamed Hashim said the group is determined to expand its business locally, regionally and globally.
For the nine-month period, the group’s net profit increased 11% to RM49.8 million, versus RM44.7 million a year ago, despite a 14.1% drop in revenue, which was mainly due to lower contribution from personalisation services of financial cards.
Datasonic registered a revenue of RM193.96 million compared with RM225.74 million in the corresponding period last year.
The group has declared a third interim single-tier tax-exempt dividend of 1.0 sen per share in respect of FY2018, amounting to RM13.50 million.