June 06, 2006
RFID to enhance CBS's net profit
The leading RFID service provider CBS Technology Bhd is quite optimistic to gain double-digit growth in its net profit in the current year due to the growing demand of its RFID software solutions.
Explaining the future plans of CBS Technology, Sun Chee Kong, CEO insisted that the company was bidding for up to seven RFID projects locally and wants to penetrate the Thai and Middle Eastern markets this year.
The company has earned 10 percent of its revenue by providing RFID solutions. The rate is likely to increase to 40 percent by year-end. The CBS Technology is looking for a partner to distribute its RFID solutions in Thailand.
vIA: [RFid Blog]
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