PETALING JAYA: SNS Network Technology Bhd
remains positive on the ICT industry and expects artificial intelligence (AI) to play a significant role in its growth going forward.
For the second quarter ended July 31, 2024, the group’s net profit was down by 30% year-on-year (y-o-y) to RM6.3mil or earnings per share of 0.39 sen. This was mainly due to the lower revenue recorded, and the increase in selling and distribution expenses because of the increase in salaries and commissions to third-party online marketplaces as well as increase in marketing and promotional expenses.
