Future Data Posted EPS of HK Cents 1.20 For June Quarter

HONG KONG, Aug. 10, 2020 /PRNewswire/ -- GEM listed Future Data Group Limited ("Future Data" or the "Group", 8229.hk), a technology services company, today posted earnings per share of HK cents 1.20, on the back of HK$150.5 million of revenue, for the second quarter ended 30 June 2020 ("June Quarter").

"Future Data's excellent June Quarter was driven by double-digit growth in revenue in products and services and growth in each of our geographic segments," said David Lee, Future Data's CEO. Highlights are:

  • Korea operations contributed HK$252.8 million of revenue for first half ended 30 June 2020 ("June Interim"), which is HK$30.2 million or 13.6% increase compared to HK$222.6 million a year ago. During the same period, Hong Kong operations contributed HK$11.4 million in revenue, which is 12.6% increase compared to HK$10.1 million a year ago.
  • We also saw record increase in revenue contribution from system integration, cyber security service and maintenance services. Specifically, system integration posted HK$178.5 million in revenue, which is HK$19.0 million or 11.9% higher; cyber security recorded HK$11.4 million, which is 12.6% higher; and maintenance services delivered HK$74.3 million in revenue, which is HK$11.2 million or 17.7% higher in June Interim 2020 relative to that a year-ago period.
  • Public sector contributed HK$114.5 million in revenue, which is HK$17.6 million or 18.1% increase; and private sector contributed HK$149.7 million in revenue, which is HK$13.9 million or 10.2% increase in June Interim 2020 as compared to year-ago period.

The increase in revenue has been driven by strong demand for online activities in the Korea's market. As announced in March Quarter report, we have received a contract of HK$20.9 million from a media foundation, another contract of HK$15.0 million from a Korean bank, and undisclosed amount being first 5G mobile contract win from a Korea's leading mobile operator.

In the June Quarter, we won a HK$9.1 million contract from e-Commerce arm of Korea's leading mobile operator, HK$6.5 million contract from Korea's top search engine company, and HK$31.2 million contract from Korea's largest messaging app company.

"This performance is a testimony to our Company excellent track record in providing the best of the best in online business in Korea," Mr Lee added.

About Future Data Group Limited

Listed on the GEM Board of the Stock Exchange of Hong Kong Limited in 2016, Future Data is a new breed of technology services companies. Future Data provides a wide range of digital infrastructure and cyber security services to corporate customers. The Group's distinct competitive advantages include the partnerships and alliances it has forged with a diverse base of leading technology suppliers and the ability to interweave its software development capabilities with a number of these suppliers.

More information can be found at http://www.futuredatagroup.com.

Related Links :

http://www.futuredatagroup.com

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