Tuesday, May 3, 2011

Excelpoint Technology posts 1Q net profit of $1.2m

Mainboard-listed Excelpoint Technology says it posted an 186.4% y-o-y increase in net profit after tax to US$1 million ($1.2 million) for 1QFY2011 from US$0.3 million in 1QFY2010 due to higher sales and improved margins. Revenue rose 8.6% to US$122.5 million from US$112.8 million.

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