05 Aug REDtone’s pre-tax profit increases to RM14.48m
REDtone International Bhd’s pre-tax profit was up by RM2.11 million to RM14.48 million for the financial year ended May 31, 2015 from RM12.37 million registered in the previous financial year.
Revenue was also higher at RM150.37 million from RM141.76 million previously.
In a statement, the telecommunications solutions provider attributed the better performance to its value-added services which include data centre and disaster recovery services, healthcare solutions, Internet of Things services, as well as, cloud services and applications for businesses.
On prospects, REDtone expected a bullish performance for the 2016 financial year driven by strong recurring revenues from on-going projects, a healthy book order of about RM110 million and new revenue streams.
Source: The Star