August 07, 2007
Kuala Lumpur, 07 August 2007 - eBworx Bhd posted a higher net profit of RM3.02 million for the second quarter ended June 30, 2007, compared with RM1.9 million a year earlier.
Revenue was higher at RM10.11 million against the RM8.34 million in the previous corresponding period. Earnings per share was 1.31 sen.
For the six-month period, its net profit posted a 58% jump to RM6 million from RM3.8 million a year earlier, driven by a 32% increase in revenue to RM21.1 million.
Its chief executive officer Tan Suan Fong said yesterday: “After a flat revenue growth for the past three years, eBworx’s topline is back to a healthy growing mode of more than 30%.”
“We are experiencing a strong market demand for our solution offerings and the critical factor for this is that eBworx is the acknowledged market leader in Credit Management Software,” he said.
“The group is continuing to land significant contracts in Malaysia, Indonesia, Thailand and China by piggybacking on the wave of Basel II that is sweepingt he region with top-down compliance instructions by central banks.”
Source: Adopted from “The Edge Financial Daily”
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