Datasonic Q4 earnings surge 500% to RM22.81mil

KUALA LUMPUR: Smartcard solutions-based Datasonic Group Bhd - which has seen a surge in its share price since May 2013 -- reported earnings jumped 505% to RM22.81mil in the fourth quarter ended Dec 31, 2013 from RM3.76mil a year ago, underpinned by an improvement in revenue.

In its financial results released on Friday, it said revenue rose at a slower pace of 73% to RM72.55mil from RM41.96mil. Earnings per share were 3.38 sen compared with 0.56 sen.