Datasonic net profit falls 38% to RM9mil in Q3

KUALA LUMPUR: Datasonic Group Bhd posted a 38% declined in net profit to RM9mil in the third quarter ended Dec 31, 2018 from RM14.62mil a year ago mainly due to no delivery of secure ID and consumables as compared to the corresponding quarter.

Its revenue for the quarter fell 6% to RM56.75mil in the third quarter, compared with 60.29mil in the same period a year prior. Earnings per share fell to 0.67 sen from 1.00 sen previously.

Datasonic said it was optimistic that the financial results for the fourth quarter ending March 31, 2019 will be satisfactorily.

The company has declared a third interim single tier tax-exempt dividend of 0.5 sen per share in respect of FY19, amounting to RM6.75mil with entitlement date to be determined and announced in due course.

In the first nine months to Dec 31, 2018, Datasonic’s net profit halved to RM24.9mil from RM49.7mil while revenue fell 16% to RM162.8mil versus RM193.96mil a year ago.

Business News , Corporate News , Datasonic


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