SINGAPORE (March 7): Datapulse Technology, the total solution provider of CD, DVD and Blu Ray Discs services in the Asia Pacific region, saw 2Q losses widen to $0.7 million from $0.6 million a year ago on lower revenue.
Second quarter revenue fell 39.2% to $2.9 million a result of weaker demand for media storage products and services although total operating expenses fell 32.4% to $3.7 million thanks to lower costs in raw materials usage.
Half-year earnings however increased by 66.7% to $5.5 million from $3.3 million thanks to a $5.5 million gain on disposal of Datapulse’s entire shareholding in OGI.
Earnings per share of the group stood at 2.50 cents for 1H17 compared to 1.50 cents for 1H16.
In its outlook, Datapulse says it will continue to focus on increasing its revenue base through an expansion of its customer base and providing more value added services to its customers and managing its operating costs by improving yield and production efficiencies.
It will also be keeping a close tab on the technological and business developments within the media storage industry and explore other investment and business opportunities.
Shares of Datapulse Technology closed 2 cents higher at 24 cents on Tuesday.
