Summary
THE local radio frequency identification (RFID) market is estimated to become an industry worth over RM 67.2 million in 2010, which is good news for CBS Technology Bhd (CBS). The Mesdaq-listed company offers RFID solutions and services as one of its core businesses and, since its listing in 2004, has been reporting a steady rise in net profit over the last three years. In its financial year ended Dec 31, 2004, CBS Group earned RM3.5 million. Its 2006 results show an increase to RM4.9 million in profit after tax. The CBS Group consists of two wholly-owned subsidiaries, Cyber Business Solutions Sdn Bhd and Netgen Sdn Bhd. The group also has an associate company, CBS Technology GmBH, a 49%-owned Swiss joint- venture marketing arm for Europe and the Middle East.
M&A questSee the full content of this document
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CBS Chief Executive Officer Sun Chee Kong is pleased that the company has been experiencing double-digit growth with no gearing.
`We have cash in hand, up to RM27 million, and are looking at M&A (merger and acquisition) activity,' he says.CBS wants a ...See the full content of this document
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