KUALA LUMPUR: SMRT Holdings Bhd
will continue to strengthen its presence in key markets and verticals while exploring opportunities to expand into new markets and industry segments.
The Internet of Things (IoT) solutions provider, in a filing with Bursa Malaysia, said that its focus remained on driving sustainable growth through targeted market penetration and product innovation.
“We continue to see steady growth, with overseas markets now contributing 20% of total revenue and recurring income exceeding 50%.
“As we continue to scale our deployments, our expanding managed sites’ footprint will further strengthen this momentum,” group managing director Maha Palan said in a statement.
SMRT’s net profit rose 7.3% to RM7.1mil, or earnings per share of 1.56 sen, in the second quarter ended Dec 31, 2024, compared with RM6.6mil, or 1.46 sen, in the year-ago quarter.
Revenue for the quarter rose 8.8% to RM18.2mil against RM16.7mil achieved last year.
For the first six months, SMRT posted a higher net profit of RM14.1mil, despite slightly lower revenue of RM34.7mil.
