Tuesday, November 15, 2011

Prestariang 3Q net profit RM10m, boost from ICT schemes

KUALA LUMPUR (Nov 15): Prestariang Bhd posted net profit of RM10.07 million in the third quarter ended Sept 30, 2011, underpinned by its information and communications TECHNOLOGY [] (ICT) training and certification schemes.

It said on Tuesday revenue was RM33.13 million and earnings per share 4.69 sen. It declared an interim single-tier dividend of 4.0 sen per share

Prestariang said the ICT schemes were under the 3P (Program Pentauliahan Profesional) Programme for public higher education institutions throughout Malaysia.

It said the 3Q earnings were a 494% increase from its preceding quarter to RM10.07 million while'' revenue of the ICT training and certification as well as software licence distribution and management provider, improved 270% to RM33.13 million for the third quarter under review, compared to last quarter.

'The current year to date net profit for the company has surpassed its previous year's full year performance. Prestariang's cumulative nine-month net profit stood at RM23.06 million over revenue of RM79.12 million,' it said.

For financial year 2010, the company recorded profit after tax of RM15.12 million on revenue of RM58.52 million.

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