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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.

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