To: Business/ IT Editor
Future Data's Gross Profit Grew by 13.7 Per Cent
Declared a Final Dividend of HK Cents 1.15 per Ordinary Share
HONG KONG, March 20, 2017- GEM Board-listed Future Data Group Limited ("Future Data" or the "Group", stock code: 8229), a leading technology solution provider in Korea, today announced an audited revenue of HK$524.0 million for the year ended 31 December 2016 (the "Year"), representing a 1.6 per cent year-on-year growth. Profit for the year amounted to HK$3.7 million. Excluding the one-off listing expenses of HK$10.4 million in 2016 (2015: HK$6.5 million), the Group recorded profit after tax of HK$14.1 million, down slightly by 3.7 per cent from that in 2015. The Directors have recommended a final dividend of HK cents 1.15 per ordinary share (2015: Nil).
During the Year, the Group's revenue was derived from system integration service and maintenance service. Revenue from maintenance service increased by 26.0 per cent year-on-year to HK$95.7 million for the Year, while revenue from system integration service was down slightly by 2.6 per cent to HK$428.3 million. The increase in revenue from maintenance service was mainly due to revenue generated from three large-scale maintenance service projects in 2016. During the Year, gross profit increased by 13.7 per cent year-on-year to HK$83.1 million, and gross profit margin increased by 1.7 percentage points to 15.9 per cent. Such increase was mainly due to change in revenue mix with a higher proportion of revenue from maintenance service in 2016.
During the second half of 2016, Future Data announced three key projects in the areas of Internet of Things, Cloud, Network Partitioning that set the tone for the Group's future technology direction. These projects include the development of an energy data platform for Korea Electric Power Corporation, the construction of one of South Korea's most powerful cloud data centers serving 10 million people for the Seoul Metropolitan Government, and the construction of the Korea Environment Corporation's Computer Network Partitioning Project Phase 2.
Looking forward, Mr. Giang Phung, Vice Chairman of Future Data, said, "The Group shall strive to explore potential opportunities to develop its core businesses in and outside Korea, and if appropriate, explore selective acquisition and partnership, in order to strengthen its revenue base and maximize both the return to the shareholders and the value of the Group."
About Future Data Group Limited
Listed on the GEM Board of The Stock Exchange of Hong Kong Limited, Future Data is a new breed of technology solution provider. Established in 1997, Korea-based Future Data is principally engaged in the provision of integrated systems and maintenance service by providing a wide range of network, cloud, and security solutions to corporate customers. The Group's distinct competitive advantages include the partnerships it has forged with a diverse base of leading technology suppliers and its ability to interweave its software development with various suppliers.
More information can be found at http://www.futuredatagroup.com.
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|Shiu Ka Yue
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21/03/2017 Dissemination of a Financial Press Release, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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