DMX Tech Q2 profit up 13.7%

DMX Tech Q2 profit up 13.7%.

DMX Technologies posted a 13.7 per cent increase in net profit to US$4.74 million for the second quarter ended June.

This translates to earnings per share of 0.41 US cent compared with 0.36 US cent in the same quarter last year.

Revenue was up 13.15 per cent at US$91.12 million, mainly helped by gains in its infrastructure enabling division. The business segment grew 17.1 per cent year-on-year to US$52.1m, making up 57.2 per cent of overall sales.

For the first half of the year, DMX managed a 10.63 per cent increase in net profit to US$6.78 million, while turnover rose 13.5 per cent to US$164.56 million.

Backed by an outstanding order book as at June 30 of US$75.8 million, and barring unforeseen circumstances, DMX said it expects another profitable year ahead.