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eBworx 2Q net profit rises two-fold to RM2.98m
by hlk Fri 19 Aug 2011, 20:58
KUALA LUMPUR: EBWORX BHD [] net profit for the second quarter ended June 30, 2011 jumped two-fold to RM2.98 million from RM973,000 a year earlier, due mainly to higher revenue recorded from ongoing projects and new projects secured during the period.
Revenue for the period rose to RM12.92 million from RM8.53 million in 2010. Earnings per share was 1.44 sen while net assets per share was 33.37 sen.
For the six months ended June 30, eBworx’s net profit rose to RM5.56 million from RM2.72 million in 2010, on the back of revenue RM23.94 million.
Reviewing its performance on Friday, Aug 19, eBworx said that with the increasing number of potential projects from financial institutions across the region, the company expects its revenue to grow.
“With a significant growth in the group's order book which is almost 3 times the balance as at Dec 31, 2010, the directors anticipate an improvement in the Group's profitability for the current financial year ending Dec 31, 2011,” it said.
Revenue for the period rose to RM12.92 million from RM8.53 million in 2010. Earnings per share was 1.44 sen while net assets per share was 33.37 sen.
For the six months ended June 30, eBworx’s net profit rose to RM5.56 million from RM2.72 million in 2010, on the back of revenue RM23.94 million.
Reviewing its performance on Friday, Aug 19, eBworx said that with the increasing number of potential projects from financial institutions across the region, the company expects its revenue to grow.
“With a significant growth in the group's order book which is almost 3 times the balance as at Dec 31, 2010, the directors anticipate an improvement in the Group's profitability for the current financial year ending Dec 31, 2011,” it said.
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