| 20 November 2006 |
| Datascan Profit Up To RM3.3 Million |
| Kuala Lumpur, Monday (November 20, 2006): Datascan Bhd's (Datascan) growth in revenue and profit over the two last consecutive quarters till June 30 this year has continued with the MESDAQ-listed company registering further commendable performance for Q3 FY '06. For the nine months ended September 30, Datascan's pre-tax profit stood at RM3.3 million, a marked improvement over FY '05's pre-tax loss of RM1.4 million. For the same period, its revenue was RM21.37 million compared to RM16.87 million in FY '05.
For the 3rd quarter ended September 30, pre-tax profit increased 11.4% to RM1.56 million from RM1.4 million in the immediate preceding quarter. Revenue grew to RM8.34 million, up 20.5% from RM6.92 million for the same period. The market leader in POS (point-of-sales) solutions for the hospitality and retail industries said recently acquired Adeptis Solutions Sdn Bhd (Adeptis) had contributed to its Q3 performance. Datascan acquired Adeptis, a Collaborative Fulfilment Management (CFM) solutions provider which also offers business consulting service, in August this year. The group's improved performance in Q3 was also due to better margins from its products and services. “We are pleased that Q3 has maintained the growth momentum seen over the last two immediate quarters. Driving Q3's growth were the high profit margin CFM and business consulting services with support from the network security solutions segment where profits are relatively good as well. Our POS and hospitality management solutions also continue to contribute positively to Q3's profit growth.” “In addition, we also successfully converted all 370 KFC outlets in Malaysia and these outlets now use our solutions,” said Chief Executive Officer, Danny Leong, in a statement issued to the media today. “Strengthening profit has been our focus since the beginning of the year as part of our efforts to steer the company back to a profitable track. The profit growth over the last three consecutive quarters is truly encouraging and reflects the right strategy that we've put in place to grow our bottom line,” he said. “Moving forward, building profit will continue to be a top priority and we will be concentrating our efforts to grow our business in the CFM, business consulting and managed services areas,” said Danny. Datascan is optimistic that the growth momentum seen over the last nine months will continue in Q4 FY ‘06 with a positive outlook for FY '07. On the international front, Danny said Datascan will step up initiatives to strengthen its presence in high growth markets such as China and the Middle East ( Saudi Arabia and Egypt ) where it already has a footprint. The group's international business is primarily from the sale of its proprietary Transight Smart Service Suite (TSSS) solution. Since the beginning of 2006 till now, it has sold 853 TSSS licenses. The company is committed to continue to aggressively market and build this business segment moving forward. Datascan's other overseas markets are Indonesia , Thailand , Philippines , Singapore , Vietnam , Australia , Brunei and Maldives . The company's core offerings are POS and hospitality management solutions, network security solutions, CFM solutions and business consulting services. |
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