Opensys to cultivate new revenue streams alongside core biz expansions

PETALING JAYA: Opensys (M) Bhd will prioritise cultivating new revenue streams, alongside expanding core operations.

In a filing with Bursa Malaysia, the financial services solutions provider said strategic initiatives such as SmartCIT, Branch Of The Future solutions, the buySolar online marketplace and merchant acquiring services are geared towards enhancing both top-line and bottom-line performance.

For the first quarter ended March 31, 2024, Opensys’ net profit rose to RM3.12mil from RM2.72mil in the previous corresponding period, propelled by higher revenue and profit contributions from the services segment.

Revenue grew to RM20.65mil from RM17.42mil in the previous year, while basic earnings per share stood at 0.70 sen versus 0.61 a year earlier.

Going forward, the group said it expects to deliver a satisfactory performance in the current financial year and beyond.

“Committed to generating enduring value for shareholders, the group will persist in pursuing sustained growth and profitability, leveraging core competencies while actively exploring new opportunities.”

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