PETALING JAYA: Technology services firm Rammsol Group Bhd registered a 71% jump in net profit to RM7.45mil for the third quarter ended Sept 30, 2025 (3Q25) compared to the same quarter a year ago mainly due to certain projects with higher profit margin and the distributorship of human capital management (HCM) licences.
In a filing with Bursa Malaysia, it said that revenue for 3Q25 rose 50.8% to RM29.35mil on the back of higher demand for artificial intelligence (AI) software development and Internet of Things (IoT) digitalisation projects in Malaysia and Thailand.
It noted that higher sales generated from the provision of HCM and work performed related to the digital transformation consulting, business process mapping and distributorship of licences in the quarter also contributed to its stronger earnings.
