CTOS Digital Bhd non-independent executive director and group chief executive officer Erick Hamburger Barraza. — RAJA FAISAL HISHAN/The Star
PETALING JAYA: CTOS Digital Bhd
is eyeing further expansion of its footprint in the Asean region.
It is on track to continue the successes of its international business, branded as FinScore in Indonesia and the Philippines which has achieved five consecutive quarters of growth since its acquisition.
"With a steadily expanding client base of more than 80 customers in our international portfolio, we are well-positioned to cross-sell and upsell our products across regional markets to scale-up and further strengthen margins," its executive director and group chief executive officer Erick Hamburger said in a statement.
He noted that the Asean region presents a substantial growth runway and promising opportunities for credit reporting agencies.
"We have aspirations to expand our regional footprint further and are actively evaluating inorganic opportunities for growth. We’re excited to capitalise on this momentum as we work to establish CTOS as the leading credit reporting agency in the region,” Erick said.
In its third quarter ended Sept 30, 2024, the group reported a record revenue of RM79.8mil, which is a 20% year-on-year increase.
This was boosted by its international, direct-to-consumer and commercial business segments, it said.
Net profit rose to RM27.55mil from RM24.39mil in the previous corresponding period.
The company also declared a third single-tier interim dividend of 0.84 sen per share, to be paid on Jan 17, 2025.
