Privasia earnings down on expansion

PETALING JAYA: Despite achieving higher revenue, the costs that Privasia Technology Bhd incurred from its expansion into satellite business have resulted in the group reporting lower earnings for the first quarter ended March 31, 2015.

During the quarter in review, the network solutions and information and communications technology (ICT) services provider saw its net profit fell 7.5% to RM1.25mil from RM1.36mil in the corresponding quarter last year.