Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


Iris 2Q profit rises 18%

Bursa Community :: Community News

Go down

Iris 2Q profit rises 18% Empty Iris 2Q profit rises 18%

Post by Cals Fri 29 Nov 2013, 18:23

Iris 2Q profit rises 18%
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com   
Friday, 29 November 2013 15:20
KUALA LUMPUR (Nov 29): Iris Corp Bhd’s net profit rose 18% year-on-year to RM7.3 million in the second quarter ended September 30, 2013 from RM6.2 million. Revenue climbed to RM131.4 million from RM124.5 million.

In a statement to Bursa Malaysia, Iris, a digital-identity specialist, said the  higher interest cost, besides depreciation and amortisation had curbed profit growth.

Iris said its core business in digital idenfication, besides the group's electricity-generation operations reported higher revenue. 

For the half-year period, Iris' net profit rose to RM14.9 million from RM14.5 million a year earlier while revenue climbed to RM265 million versus RM227 million. 

Iris is optimistic of its core business. "For the coming financial year 2014, the prospects for the core business remain bright.

“The division’s revenue is expected to be derived mainly from the trusted identification projects, namely Malaysia e-Passport inlays, Nigeria e-Passport inlays, Tanzania e-ID cards project and Bangladesh MRP Passport project," Iris said.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum