Posted by Jimmy Song > 2015-08-31 15:43 | Report Abuse

DATASONIC REPORTED PROFIT AFTER TAX OF RM12.32 MILLION FOR Q1FY16 Datasonic Group Berhad (“Datasonic” or the “Group”) announced its first quarter results ended 30 June 2015 for its financial year ending 31 March 2016 (“Q1FY16”) with revenue of RM54.36 million in the current financial quarter ended 30 June 2015, which is 24% lower when compared to RM71.56 million in corresponding quarter of the preceding financial period mainly due to the lower quantity of MyKad delivered. The Group’s revenue of RM54.36 million was higher than RM47.91 million reported in the immediate preceding quarter ended 31 March 2015 principally due to larger quantity of consumables delivered. The Group’s profit after tax of RM12.32 million for Q1FY16 was RM15.38 million or 55.5% lower than the corresponding quarter of the preceding financial period, but was RM5.56 million or 82.3% higher than the immediate preceding quarter ended 31 March 2015. The unexpected change in the exchange rates will have some impact on costs. Nevertheless, the management is taking steps to minimize the impact of this, barring this and any other unforeseen circumstances, the prospects for growth are expected to be satisfactory in the financial year ended 31 March 2016.