Datapulse: +4.7% in morning session. FYJul10 results were lackluster, as net profit sank 31% to $10.6m, on 24% drop in revenue to $54.6m. Lower revenue was due to lower ASP and weaker demand for media storage pdts and svcs during 1HFY10. Nevertheless, share price likely supported by div of 1.8cts (1ct final + 0.8ct special), which translates to 8% yield. Mgt notes that business outlook remains uncertain, with the same challenges highlighted above to continue...
Stock trades at 12.6x PE, and is currently not covered by analysts.
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