KUCHING: Instacom Group Bhd’s first three quarters profit for the financial year ending Dec 31, 2013 has exceeded the RM15mil guaranteed by the vendors in the reverse takeover of the ACE Market listed I-Power Bhd last year.
The group’s net profit of RM22.3mil in the Jan-Sept period surpassed the profit guarantee of not less than RM15mil by RM7.3mil or 48.9%, the company said when releasing its latest financials.
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