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ECS declares $ 7.2 million as net profit for Q1 2014

Ike Suarez | May 22, 2014
This comes in the wake of $930.9 million in revenues

ECS Holdings has announced its financial results for Q1 2014, saying that it recorded a net profit of $ 7.2 million for the three months ended on March 31.

A press statement by the regional distributor of ICT products as well as provider of ICT services said the net profit came in the wake of $ 930.9 million in revenues earned during the first three months of this year.

This resulted in a gross profit of $38.5 million with its enterprise systems segment accounting for 37.8 % of total revenues.

The press statement said earnings per share (EPS) for three months stood at 1.96 cents even as net asset value (NAV) per share stood at 101.85 cents for this period.

Also known as the Group, ECS is listed in the Singapore Exchange Mainboard.

 

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