KUALA LUMPUR (Jan 18): REDTONE INTERNATIONAL BHD [] posted lower net loss of RM82,000 in the second quarter ended Nov 30, 2011 compared with the RM915,000 a year ago.
It said on Wednesday that revenue rose 66.7% to RM35.96 million from RM21.56 million mainly due to revenue contribution from data business. Loss per share was 0.02 sen compared with 0.23 sen.
“Group profit before taxation for 2Q FYE 2012 was RM130,000 as compared to loss before taxation of RM480,000 for the corresponding quarter (2Q2 FY2011). The improvement in the profit before tax of approximately 127% is mainly due to higher revenue contributed by data projects of approximately RM6.20 million,” it said.
RedTone said for the first half ended Nov 30, 2011, its net loss was RM751,000 compared with losses of RM1.78 million a year ago. Its revenue rose 32.8% to RM60.66 million from RM45.47 million
“For the six months ended Nov 30, 2011, the group's data and broadband recorded revenue of RM17.4 million as compared to RM13.2 million for the 12 months ended May 31, 2011 (FYE 2011). By extrapolating our actual six months results, the increase in revenue from data is approximately 167% as compared to FYE 2011.” It said.
RedTone said the group would continue to build on its corporate and SME customer base in order to achieve a critical mass. In addition, the group will also continue to bid for broadband projects initiated by the government projects and special projects for the provisioning of Wifi hotspots solutions.
It said on Wednesday that revenue rose 66.7% to RM35.96 million from RM21.56 million mainly due to revenue contribution from data business. Loss per share was 0.02 sen compared with 0.23 sen.
“Group profit before taxation for 2Q FYE 2012 was RM130,000 as compared to loss before taxation of RM480,000 for the corresponding quarter (2Q2 FY2011). The improvement in the profit before tax of approximately 127% is mainly due to higher revenue contributed by data projects of approximately RM6.20 million,” it said.
RedTone said for the first half ended Nov 30, 2011, its net loss was RM751,000 compared with losses of RM1.78 million a year ago. Its revenue rose 32.8% to RM60.66 million from RM45.47 million
“For the six months ended Nov 30, 2011, the group's data and broadband recorded revenue of RM17.4 million as compared to RM13.2 million for the 12 months ended May 31, 2011 (FYE 2011). By extrapolating our actual six months results, the increase in revenue from data is approximately 167% as compared to FYE 2011.” It said.
RedTone said the group would continue to build on its corporate and SME customer base in order to achieve a critical mass. In addition, the group will also continue to bid for broadband projects initiated by the government projects and special projects for the provisioning of Wifi hotspots solutions.
