Wednesday 15 February 2012

Prestariang posts 4Q net profit of RM10.55m, boost from ICT

KUALA LUMPUR (Feb 15): Prestariang Bhd posted net profit of RM10.55 million in the fourth quarter ended Dec 31, 2011, underpinned by strong demand for its information communications TECHNOLOGY [] (ICT) training.

It said on Wednesday that its revenue was RM32.63 million. Its earnings per share were 4.80 sen. It proposed a final single-tier dividend of 4.0 sen per share.

For the financial year ended Dec 31, 2011, it reported net profit of RM33.61 million on the back of RM111.75 million in revenue.

“The results more than doubled Prestariang’s FY2010 performance of RM15.11 million in profit after tax and RM58.52 million in revenue,” it said.

Prestariang CEO Dr Abu Hasan Ismail, CEO of Prestariang said the company’s record performance in 2011 was mainly contributed by the strong demand in ICT training, certification and management of software licences.

“Riding from the rising requirements for ICT training and certifications, we have grown at a compounded annual growth rate of 22.60% since 2006,” he said.

Abu Hassan said Prestariang would roll its own intellectual property (IP) certifications including Green IT and vocational English which would be implemented by second half of this year.



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