Bursa Malaysia Stock Watch

ECS Q1 pre-tax profit rises 20.3pc

kltrader
Publish date: Wed, 04 May 2011, 09:51 PM
kltrader
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ECS ICT Bhd's pre-tax profit increased 20.3 per cent to RM9.26 million for the first quarter ended March 31, 2011 compared
to RM7.7 million in the same quarter last year.

Revenue, however, decreased 11.5 per cent to RM278.9 million from the RM315.1 million recorded previously.

In a statement here today, ECS said its revenue was lower compared from the previous period due to lower sales of volume products in the ICT distribution segment.

ECS ICT managing director Foo Sen Chin said the company's distributorships with Samsung, Dell Inc. and Apple iPad reinforced the position of ECS ICT as the leading and preferred ICT channel partner in Malaysia.

'These distributorships would undoubtedly contribute positively to the group's financial results in financial year 2011 and onwards,' Foo added. -- Bernama
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