SNS Network Technology Posts 4Q Net Profit Jump of 40.5%
2023年3月27日 - 02:00PM
SNS Network Technology Berhad, an ICT products, services and
solutions provider, today announced that the Group's profit after
tax (PAT) for the fourth quarter ended 31 January 2023 (4Q FY2023)
increased by 40.5% to RM16.77 million compared with RM11.94 million
in the immediate preceding quarter (3Q FY2023).
SNS recorded revenue that gained 46.2% to RM509.86 million in 4Q
FY2023 compared with RM348.84 million in 3Q FY2023. For the quarter
under review, there was a 44.6% rise in profit before tax (PBT) to
RM22.09 million compared with RM15.28 million in 3Q FY2023.
For FY2023, the Group registered RM43.72 million in PAT as well as
PBT of RM57.36 million on RM1.40 billion in revenue. There are no
comparative figures on a year-over-year basis as SNS was listed on
the ACE Market of Bursa Malaysia on 2 September 2022.
Managing Director of SNS, Ko Yun Hung, said, "The commercial
channel of our business remains the mainstay as the Group continued
to see commendable growth in revenue and profitability. The demand
cuts across industries and is from both the government and private
sectors. Just recently we won a tender from the Ministry of
Education valued at RM41.33 million through our Device-as-a-Service
(DaaS) offering that addresses the gap for learning through the
upgrade of devices and technology for students and teachers. Our
DaaS offering provides convenience for businesses and
organizations, enabling us to support our customers in their
digital transformation journey. Additionally, the DaaS business
model allows us to retain our customers with a higher likelihood of
service renewal and generate recurring revenue for up to five
"As we look ahead to the market in the technology industry, we
anticipate a growing demand for digital transformation projects.
With our expertise in this area and a proven track record of
successful implementations, we are well-positioned to secure more
projects in the coming months. As businesses and organisations
continue to embrace digitalisation, we remain committed to
delivering innovative solutions that meet their evolving needs and
help them stay ahead of the curve in an increasingly competitive
The Group has also announced a second interim single-tier dividend
of 0.25 sen per share with an ex-date of 10th of May in respect of
FY2023 to be paid on 26th of May 2023.
SNS Network Technology: 0259 [BURSA: SNS],
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