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mDR Q3 net profit up on other income
MDR, which distributes and sells mobile devices and services, saw its third-quarter net profit rise 84 per cent year on year to about S$1.4 million, lifted by other income.
Revenue rose 4 per cent year on year to S$66.06 million mainly due to higher sales from its distribution management solutions business, with higher sales volume generated from its distribution operations.
Earnings per share for the quarter were 0.011 Singapore cent, versus 0.006 Singapore cent a year ago.
Other income came to around S$1.13 million from S$55,000 a year ago, mainly due to interest earned from a loan extended to a third party.
mDR said: "In light of the improving economic outlook of the domestic economy, regular launches of new mobile devices, the group being a key partner of principal manufacturers and telecommunication operators in the value chain (and) the anticipated year-end festive season sales, the group expects to deliver positive results for the rest of the year."