KUALA LUMPUR: ACE-market listed CBS Technology Bhd registered a net profit of RM4.3 million for its fourth quarter (4Q) ended Dec 31, 2009, a jump of 518% from RM696,000 a year earlier.

Revenue rose 178% to RM16.4 million from RM5.9 million. Basic earnings per share stood at 2.76 sen compared to 0.46 sen previously.

For the 12-month period, CBS Technology's net profit almost doubled to RM10.98 million from RM5.62 million in FY08 on the back of a 92% rise in revenue to RM44.3 million from RM23 million.

"This is our best 12 months and single-quarter results ever due to a combination of good performances by our ICT division and strong contribution from the newly acquired Media & Content division.

"We are exceptionally pleased with our results as 2009 was a very tough year to operate in," CBS Technology's CEO Sun Chee Kong said in a statement.

"We are positive about our prospects and the group's financial performance for the next financial year where the revenue and earnings from the media & content division will be fully reflected," he added.

In September, CBS Technology completed the acquisition of its subsidiary Infodata Media Sdn Bhd and the latter's wholly owned Super Pages Media Sdn Bhd for RM29 million.

As at Dec 31, 2009, CBS Technology's cash was down 29% year-on-year to RM3.2 million with borrowings at RM1.5 million. It had no borrowings at the end of 2008.

CBS Technology's stock ended today one sen higher at 37 sen.