System-integrator Automated Systems Holdings reported a 30.4 per cent year-on-year rise in net profit in the first half of this year, due mainly to a sharp increase in contributions from its Taiwanese consulting associate company.
Attributed profit in the period amounted to $21.01 million.
Turnover increased 35.2 per cent to $380.25 million.
Contributions from 28.9 per cent-held associate Data Systems Consulting jumped to $7.6 million from $1.77 million last year.
Managing director Peter Kuo said the increase was due to booking of profits from government contracts in the first quarter.
Overall operating profit for the period edged up 1.7 per cent from last year, and Mr Kuo was optimistic that growth would pick up in the second half.
'Growth in the education and government sectors in the second half will sustain as we have obtained over $300 million worth of government bulk contracts since the beginning of the year,' Mr Kuo said.