Wednesday, November 2, 2011

ECS IT 3Q earnings marginally lower at RM7.05 m

KUALA LUMPUR (Nov 2): ECS ICT Bhd's earnings were marginally lower at RM7.05 million in the third quarter ended Sept 30, a 0.5% decline from the RM7.08 million a year ago.

It said on Wednesday that revenue declined 3.6% to RM317.86 million from RM329.81 million a year ago. Pre-tax profit dipped 3.1% to RM9.62 million from RM9.92 million. Earnings per share were 5.99 sen compared with 5.91 sen.

For the nine-month period, its net profit declined 4.9% to RM19.68 million from RM20.68 million while revenue also recorded a 4.9% drop to RM908.91 million from RM956.04 million.

Commenting on the 3Q results, it said sales in its ICT distribution division rose to RM206.3 million from RM204.9 million a year ago due to the increased number of notebook brands and rising demand for tablet PCs.

However, the enterprise systems segment saw a drop in revenues to RM108.2 million from RM122.8 million. Sales from the ICT services segment, however, performed better, rising to RM3.4 million from RM2.2 million.

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