N2N Connect Berhad

N2N Connect Berhad has announced it quarterly result today. The company is doing really well - they leap high!
Revenue is increased from 2.7mil from 9.9mil. (By comparing last year Q vs this year Q). Net profit is increased from 1.3mil to 7.2mil. It is very hard to find a mesdaq company with this set of impressive result. Well, I have to say they are doing better than my favourite, Nextnation.
According to the release, better result are mainly due to:

- increase in matched trade fees generated from eBrokerConnectTM as more transactions were being matched in the online stock trading as evidenced by increased market volume and market value of equities traded on Bursa Malaysia Securities Berhad;

- the continuous increase in MobileConnectTM and PDAConnectTM subscribers;

- increase in number of broking houses implementing the Company's financial solution systems, i.e. eBrokerConnect™, MobileConnect™, SMSConnect™ and GlobalConnect, from seven to nine;

- additional income from developing and licensing the Online Trading Game on Singapore Exchange Securities Trading Limited's website; and
- additional income from software development of financial solutions in e-commerce and m-commerce sector in Saudi Arabia.

It is worth to keep an eye on this company. If they manage to go abroad succesfully, by doing the same thing in Malaysia, it has huge potential.