KUALA LUMPUR: Cashless payment solutions provider Revenue Group Bhd posted net profit of RM1.88mil on the back of RM12.03mil in revenue in the fourth quarter ended June 30, 2018.
Its earnings per share were 1.03 sen
Managing director and group CEO Eddie Ng Chee Siong said its revenue was derived from the electronic data capture (EDC) terminals at 54.4% and electronic transaction processing segments 43.3%.
For FY2018, Revenue reported RM7.08 million net profit on revenue of RM35.36mil.
When compared to the third quarter, revenue increased by 51.5% and profit before tax rose by 21.2% mainly due to higher sales of EDC and the increase in the electronic transaction processing volume, Ng said.
After adjusting one-off net gain from the sale of investment properties of RM1.71mil, the adjusted net profit was RM5.26mil for 2017.
Already a subscriber? Log in.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!