Kuala Lumpur, Thursday (July 31, 2014) – REDtone International Bhd (REDtone) is keeping a firm grip on its profit with the group posting a RM8.93 million net profit for 4Q ended May 31 FY14 to bump up its full FY14 net profit to RM23.81 million, fuelled by continued demand for its data solutions. Its FY14 profit before tax stood at RM28.04 million. Revenue for the quarter under review was RM37.34 million bringing the total revenue for FY14 to RM144.83 million. This is the third consecutive year of profitability for REDtone which will be seeking for a transfer to the Main Market in 2015. The company said that if it weren’t for delays in billing some of its projects, it would have posted a stronger top and bottomline for FY14. The said projects’ earnings contributions will now be recognized in FY15. On its FY14 performance, REDtone CEO Lau Bik Soon said the group’s data segment continued to see good growth with revenue increasing to RM86.62 million by end of FY14 from RM75.94 million a year ago. “While government projects took the lead, there was also higher data usage from corporate customers as we enhance our value-add solutions as part of the total offerings to them. Adding value is important to our business as it helps to build customers’ ‘stickiness’ and differentiates us from the rest,” he said in a statement today. With better data revenue, its data business segment’s contribution to group revenue has also rose to close to 60% in FY14 compared to 50% a year ago further cementing this business pillar’s increasing importance to REDtone’s growth moving ahead.
Hard to say. News can turn n twist. e.g. A4 project already awarded to YTLPWR but suddenly owner mouth busuk, project gone.... I think some player already waited very long for enter main board.
The CEO is not Bursa. He still needs to submit the request to convert to Main Board and get approval from Bursa. So, the approval is on Bursa hands. They is a plan but doesn't mean it will happen by this year. Please read the statement carefully.
Furthermore, transferring to main board is not a 'new' news anymore. I think most of the people has been hearing this for months or years and people already know that they have a plan to transfer to main board in year 2015. So, this will not be the 'point' to move the price up. Unless other news related to new business award or expand in other business areas.
RIP REDTONE, now seem like no special news to push the price up already. Before this is the quaterly performance. Mana tau, profit decrease. All sell n cabut.
@invester i think you are right. according to rpt perhaps proposal will submit to bursa when audit acc announced in sept. approval will take time but in redtone case, most requirements already achieve? revenue, profits, bumi status.....
regards new business awards, MCMC is expected to announce the successful bidders of the public cellular service tendering process under the TIME 3 (T3) extension project in coming weeks. The T3 extension project is expected to be worth c.RM800m and segregate into two clusters, namely the installation of tower and infrastructure (part 1), and the installation of equipment and electronics related to public cellular service under the concept of RAN sharing technology (part 2). While the project details have yet to be ironed out, management believes there is a fair likelihood for the group to participate in the project due to its vast industry knowledge, respectable track record and technical know-how.
Delay in project billing. RIB is unlikely to recognize the final slice of its T3 project (c. 25% out of the RM82.5m contract value awarded in the year 2012) in the upcoming 4Q14 result due to the delay in billing. Nevertheless, management indicated that the project’s earnings contribution will be recognized in 1Q15 given the group has completed all the network installation work under the agreement.
Thanks to daz3no for the comments. I think people come here are to discuss on this share. Sharing their opinion and knowledge. If the person is just want to buy the share without listening or reading any comments, then they may just ignore and not even come to this forum.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tom
2,984 posts
Posted by Tom > 2014-07-27 02:02 | Report Abuse
wa 明年3月就到期了买进会有些风险。。。。。。