Ntegrator International, the communications network specialist and systems integrator, announced a 46.5% increase in net profit of $0.9 million for the full year ended December 31, 2009 (FY2009).

Revenue increased by 16.7% from $47.9 million the previous year (FY2008) to $55.9 million in FY2009. The timely completion of several major projects in Vietnam contributed to the majority of the increase. Revenue was also boosted by project completion in Singapore.

Project Sales recorded a moderate increase in revenue of 13.3% to $48.2 million, gross profit jumped 147.9% to $5.4 million. The improved profit was mainly due to the decrease in finance cost, which had been accrued previously.

The Project Management and Maintenance Services grew by 43.5% to $7.8 million, mainly due to renewal of contracts by existing customers and project management services rendered by one of an overseas subsidiary. However, gross profit for this segment decreased by 57.3% to $2.6 million because of lower margins from the overseas subsidiary. Nonetheless, project management delivered a healthy margin of 25%.

The recent expansion plans on existing contracts with MobileOne, Viettel Import Export Limited Company, Myanmar Posts and Telecommunications and a new contract from Singapore Telecommunications, have increased the group’s total outstanding orders to $46.8 million. These secured contracts are largely scheduled to complete in FY2010 and therefore contribute positively to the group’s earnings accordingly.