FOR
IMMEDIATE RELEASE
MULTIVISION INTELLIGENT SURVEILLANCE
LIMITED ANNOUNCES FIRST-HALF EARNINGS RESULTS
MultiVision Intelligent Surveillance
Limited ("MultiVision"), a Hong Kong-based
technology company specialising in the design, development
and distribution of digital video surveillance products
and solutions, announces its earnings results for the
first half ended September 30, 2002.
Key Points
- Turnover at HK$39.21m, up
615% from the same period last year
- Net earnings at HK$10.51m, against
net losses of HK$2.48m the same period last year
- Earnings per share at HK$0.0302
- Since September 30, 2002, MultiVision
- successfully listed the company's shares on the
mainboard of the SGX-ST on 18 December 2002
- raised net proceeds of S$13.3m
- secured a number of digital video surveillance systems
contracts, with clients such as the Bangkok Transit
System and the St. Louis School Board, USA.
Strategy
- To provide high-end enterprise
and customised solutions for customers, and focus
on continuous research and development as well as
other investment efforts so as to ensure the roll-out
of new, technologically-advanced products that will
help maintain its competitive edge in the marketplace
Dennis Li, President and Chief Operations
Officer of MultiVision, said:
"During the first half, we witnessed
a significant year-on-year jump in our turnover and
net earnings mainly due to increased demand for our
NetSevers and UCWs. Even as we continuously seek to
upgrade our products and services, we have so far been
very successful in our efforts to secure more contracts
from clients across the world. We anticipate an equally
strong second-half performance as the global economy
starts to pick up and demand for security products and
solutions remains robust."
Enquiries:
MultiVision Intelligent Surveillance
Limited: +852 2797 5678
Dennis Li, President and COO: dennis_li@multivision.com.hk
Gavin Anderson & Company Tel:
+65 6339 9110
Terence Foo : tfoo@gavinanderson.com.sg
Tan Ee Ching: etan@gavinanderson.com.sg
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