Neratel

Neratel: 3Q14 net profit advanced 7.5% to $3.5m taking 9M14 net profit to $11.6m (-40.9%). Revenue fell 1.0% to $49.7m due to lower turnover from the Telecom business segment (-29.6%), partially offset by higher turnover from the Infocomm business segment (+21.5%). Gross margin was relatively stable at 30.2%, while bottom-line was largely aided by a 38.6% drop in taxation expenses to $0.7m. BVPS as at end Sep ’14 stands at $0.156.