Advertisement
Singapore markets closed

  • Straits Times Index

    3,292.93
    -3.96 (-0.12%)
     

  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     

  • Hang Seng

    18,475.92
    +268.79 (+1.48%)
     

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • Bitcoin USD

    63,677.55
    +2,076.14 (+3.37%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • Dow

    38,675.68
    +450.02 (+1.18%)
     

  • Nasdaq

    16,156.33
    +315.37 (+1.99%)
     

  • Gold

    2,310.10
    +0.50 (+0.02%)
     

  • Crude Oil

    77.99
    -0.96 (-1.22%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • FTSE Bursa Malaysia

    1,589.59
    +9.29 (+0.59%)
     

  • Jakarta Composite Index

    7,134.72
    +17.30 (+0.24%)
     

  • PSE Index

    6,615.55
    -31.00 (-0.47%)
     

Pteris Global 3Q turns black after RTO

Vincent Chia
Pteris Global 3Q turns black after RTO

Pteris Global Limited announced its 3Q results. 9M revenue was up 19% year-on-year to $84.0 million while 9M PATMI turned from a loss of $4.4 million to a profit of $3.6 million. 3Q revenue was up 104% year-on-year to $51.7 million while 3Q PATMI turned from a loss of $0.9 million to a gain of $4.6 million. As the RTO has been completed in Aug 2014, the results belong to Shenzhen CIMC-Tianda Airport Support Pte Ltd with one month contribution from the original Pteris Global business. The results were attributed to recent contract wins. There was a RMB 227million contract from Zhengzhou XinZheng Airport and a US$ 20million contract from Hongkong Airport. Going forward, the focus is on integrating the two businesses.

GET TO THE POINT : Sounds like the RTO has been positive for Pteris. Now the next focus is rightly on integrating the two businesses.

Related Articles:

The post Pteris Global 3Q turns black after RTO appeared first on Asean Equities Review.