mDR

mDR: 1Q14 net profit plummeted 90% y/y to just $0.1m, on higher operating expenses attributable to the consolidation of businesses. Revenue rose 4% y/y to $85.3m, driven by higher contributions from its prepaid cards and distribution businesses, and consolidation of the digital inkjet printing for out-of-home solutions, partially mitigated by lower handset repairs (-36%). Management expects margin pressures to continue in the distribution business amidst the highly competitive industry, while expects its digital printing services to become one of the key contributors to its bottom line. mDR's Myanmar operations remained slow, pending the full scale rollout of telco services in early 2015.