ECS Holdings, the ICT solutions provider, says it posted a net profit after tax and minority interests (NPATMI) for the year ended 31 December 2009 (FY2009) rose 29.9% to a record high ot $38.2 million from $29.4 million a year ago, outstripping revenue growth for the fifth consecutive year.
The strong FY2009 bottom-line growth, achieved on a year-on-year revenue increase of 10.2% to $3.3 billion from $2.9 billion, reflects the added value from ongoing efforts to improve financial and operational efficiencies.
The full-year performance was propelled by the group’s 4Q09 record 52.4% net profit growth to $12 million from $7.9 million a year earlier as revenue rose 23.4% to $892.7 million from $723.6 million over the respective periods, buoyed by strong Distribution sales as IT spending began to pick up.
