13 August 2007
 
Cuscapi profit up
 

Kuala Lumpur , Monday (August 13, 2007) – MESDAQ-listed Cuscapi Bhd (formerly known as Datascan Bhd) has continued to strengthen its performance by posting a 17.57% increase in pre-tax profit to RM1.74 million for Q2 ended June 30 from Q1’s RM1.48 million. Revenue also jumped by 32.98% to RM9.88 million for Q2 from RM7.43 million in Q1.

Both pre-tax profits and revenue grew a significant 31.88% and 42.86% respectively for Q2 this year from the corresponding quarter last year.

For the six months ended June 30, Cuscapi’s pre-tax profit was 85% higher at RM3.22 million compared to RM1.74 million over the same period last year. Revenue was up 32.7% to RM17.31 million from RM13.04 million for the same period.

The increase in Q2’s pre-tax profit and revenue was mainly contributed by growth in the company’s core offerings.

Chief executive officer, Danny Leong said “For this quarter, our strongest revenue stream remains from the F&B, retail and hospitality industry. However, our security solutions and consulting services have also heavily contributed in providing us this profitable result.”

Cuscapi specializes in F&B and Hospitality business management solutions, information technology security and automotive solutions and business consulting services for the hospitality, F&B, automotive, retail, telecommunications, financial services and public services sectors.

Its services are also currently offered in 12 other countries including China and the Middle East. As part of its global expansion plans, the company is in the midst of looking for channel partners in India, Europe and the United States .

 
About Cuscapi Bhd (www.cuscapi.com.my)
 
Cuscapi Bhd (formerly known as Datascan Bhd) was established in 1978 and listed on the Malaysian Exchange Of Securities Dealing & Automated Quotations (MESDAQ) in July 2004. The market leader in F&B business management solutions, Cuscapi also provides information technology security solutions, automotive solutions and business consulting services for businesses across industries.

Through its suite of world-class solutions and expertise, Cuscapi aims to create more value for their clients through maximizing their businesses’ customer capital.

Besides Malaysia, Cuscapi has strong presence in 12 other countries including China, Middle East, Indonesia, Philippines and Thailand.

 
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