New revenue streams for Opensys

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.

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

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit opens easier against US$ on prevailing caution
Agricore CS jumps 58% in ACE Market debut
FBM KLCI moves sideways after recent losses
Trading ideas: Genting, Press Metal, IHH, Maxis, WCT, Hengyuan, FSBM, KAB, Hextar Healthcare, TAS, Nestcon, Tex Cycle, Dataprep, Binastra, EcoWorld
Weaker yuan fixing at lowest since November
Hengyuan’s earnings likely to be impacted
WCT bags RM250mil deal for highway lanes
IHH, Sunway among bidders for Affinity’s hospital
Positive signals
Yinson eyes multiple FPSO projects worth RM61bil

Others Also Read