Ace Achieve Infocom, the developer of telco products and solutions in China, posted a 1.2% rise in revenue for the six months ended Oct 31 (HY10) to RMB 76 million ($15.5 million) in HY10 from RMB 75.1 million in HY09.

The rise in revenue was led by the operation and business support solutions segment and the broadband data solutions segment, says Ace Achieve Infocom.

Cost management initiatives also resulted in a 5.4% y-o-y fall in cost of sales to RMB 49.8 million in HY10 from RMB 52.6 million in HY09.

Average gross margin also rose to 34.5% in HY10 from 29.9% in HY09 due to better margins from both the operation and business support solutions segment and telecom application solutions segment.

In tandem with the increases in both total revenue and gross profit, HY10 net profit gained 28% to RMB 8.4 million compared to RMB 6.6 million in HY09.