Automated Announces FY10 Annual Results, Revenue at HK$1,330 Million and Net Profit up 171.4% to HK$115.8 Million (Company Overview) (Financial Report‪)‬

Hong Kong, Apr 27, 2010 - (ACN Newswire) - Automated Systems Holdings Limited ("ASL" or "the Group") (stock code: 771), a leading IT services provider in Hong Kong, announced its FY10 annual results for the year ended 31 March 2010. Revenue from the continuing operations for FY10 amounted toHK$1,330.0 million, down by HK$31.0 million or 2.3% against last year, excluding the discontinued operations which arose from the disposal of the Global Managed Service Business ("GMS business") in August 2009. Net profit was HK$115.8 million, up 171.4% from last year, including the post-tax gain on disposal of the GMS business of HK$69.1 million. Basic earnings per share for the year under review were HK 37.65 cents (FY09: HK 14.36 cents). The decrease in revenue was mainly attributed to thedrop from products sales in the year. However, the Group was able to off-set the decrease in revenue by reducing direct costs and general expenses through effective cost control measures and increasing in profit during the year under review. For thefourth quarter in FY10, the Group's profit before taxation from continuing operations was HK$28.8 million, increased by 84.8% compared to the same quarter last year. Profit before taxation from continuing operations for FY10 amounted to HK$53.6 million, up by 23.9% compared to FY09.