ACS reports financial results for the first half year of 2013

August 15, 2013

Hong Kong, 15 Aug, 2013 – Advanced Card Systems Holdings Ltd. (ACS, SEHK: 8210), mother company of Advanced Card Systems Limited, Asia Pacific’s number 1 supplier and one of the world’s top 3 suppliers of PC-linked smart card readers (Source: Frost & Sullivan), announces its financial results for the first half year of 2013.

The sales revenue increased by 19% to HK$86.4 million in the first six months of 2013 comparing with the first half year of 2012 the gross profit by 26% to HK$50.6 million and the net profit after tax by 24% to HK$8.9 million. The higher gross profit margin of 59% in this half year versus 55% in the last year was owing to a bigger software content in the sales.

Established in 1995, ACS started its business primarily as a developer and supplier of PC-linked contact smart card readers and proprietary card operating systems. Then it extended its product portfolio by developing and supplying readers with pin-pad and display, portable reader terminals and more sophisticated card operating systems. Now it also develops and supplies automatic fare collection and customer loyalty systems.

Denny Wong, Chairman & Chief Executive Officer, commented,” Owing to constant efforts on perfecting and expanding our core technical competence, we have opened up newer and bigger markets that were not previously available to us. We expect not only growth but sustainable growth in the future.”

The complete Interim Report for the 6 months ended 30 June 2013 can be found here. For more information about Advanced Card Systems Limited, please visit www.acs.com.hk.