PETALING JAYA: SNS Network Technology Bhd
is expected to continue to ride on the growing demand for information and communication technology (ICT) products and services supported by the replacement cycle of devices and government initiatives.
For the third quarter ended Oct 31, 2024 (3Q25), the group’s net profit jumped by more than five times year-on-year (y-o-y) to RM10.2mil from RM2.02mil previously. This translates to an earnings per share of 0.63 sen. This was against a lower revenue by 5% y-o-y to RM249.7mil in the quarter.
In a filing with Bursa Malaysia, SNS Network said the improved earnings was due to higher gross profit (GP) and GP margin for 3Q25, primarily contributed by the commercial channel.
On the other hand, the group’s lower revenue was due to a decrease in revenue in the education industry through the commercial channel, as the company secured major orders in the corresponding quarter.
