CSC swings back into the black in Q4

THE going was tough for CSC Holdings in the final quarter and full year ended March 31 (FY2014) but the engineering company managed to swing into the black after incurring net losses in the previous corresponding periods when it had to make provisions for doubtful debts.

Net profit attributable to shareholders for the January-March quarter was $533,000, or 0.04 cent per share, compared to a net loss of $6.1 million, or half cent per share, a year ago.

For FY2014, net profit was $2.98 million, against a net loss of $3.38 million for FY2013.