ICT ZONE ASIA BERHAD
KLSE (MYR): ICTZONE (03038)
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Profile
ICT ZONE ASIA BERHAD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: TECHNOLOGY TECHNOLOGY
Subsector: TECHNOLOGY EQUIPMENT TECHNOLOGY EQUIPMENT
Category: LEAP MARKET ORDINARY SHARE LEAP MARKET ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: No No
IDSS Flag: No No
Description
ICT Zone Asia Bhd is a Malaysia-based information and
communication technologies (ICT) service provider. The Company primarily rents,
leases or sells ICT solutions directly to its customers or its Channel Partners
for them to rent, lease or sell to their customers. The Company also provides
maintenance and technical support services to its customers to support their
uses of ICT hardware and software. The Company's principal activities are
categorized into four segments: leasing of ICT hardware and software, trading
of ICT solutions, rental of ICT solutions and provision of ICT services. It
receives a monthly leasing fee from its customers for ICT hardware and software
sold on a leasing model. The Company record sales from the trading of ICT
solutions directly and through its e-commerce platform. The Company charge a
rental fee for renting ICT hardware and software directly to its customers or
to its Channel Partners or Strategic Partners for their onward rental to their
customers.
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Discussions
Be the first to like this. Showing 6 of 6 comments
The company doesnt provide specifics on their business. Just leasing equipments they say. If you have any info share here please
2020-12-30 23:44
Technology financing solutions provider ICT Zone Asia Berhad recorded a 52.3% or RM39.4 million year-on-year revenue growth in the 12-month FYE 31st Jan 2024, increasing from RM75.1 million to RM114.4 million while net profit increased by 17.2% to RM7.5 million.
For the 6-month FPE 31 Jan 2024, the Company recorded a 46.2% year-on-year growth in profit after tax (PAT), increasing from RM3.9 million for the 6-month FPE 31 Jan 23 to RM5.7 million in FPE 31st Jan 2024. The Company’s half-year revenue grew steadily by RM14.4 million or 34.5% to RM56.2 million for the current period from RM41.8 million in the previous year corresponding period.
Earnings per share (EPS) for the current period stood at 0.91sen, marking a 24.7% increase from 0.73sen per share a year ago. The growth is primarily driven by better pricing strategy implemented by the Company and securing additional contracts from both the government and corporate sectors for its technology financing and cloud solutions and services segments.
Comparing with the previous year corresponding period, it’s technology financing segment saw an increase of RM11.0 million or 62.9%, while the cloud solutions and services segment experienced a significant rise of RM3.8 million or 131%. This signifies the growth potential of these two segments across both corporate and government sectors as environmental, social, and governance (ESG) considerations continue to play an increasingly significant role in investment decisions and business operations.
In a statement today, the LEAP-market listed Company highlighted that the total unbilled orderbook of its technology financing segment over the next 3 financial years will reach an all-time high of RM236 million. For its cloud solutions and services segment, the total unbilled orderbook will jump to approximately RM15.2 million. Through its proprietary Device-as-a-Service (Daas) 360 solutions, ICT Zone Asia is engaged in technology financing, providing Information and Communication Technology (ICT) solutions and services. The Company offers cloud solutions and consultancy via its subsidiary, Cloudify.Asia.
ICT Zone Asia is the only company with a 4-star Hewlett Packard (HP) AmplifyTM Impact Badge and the first Dell Cloud Partner Connect in Malaysia. The Company is currently undergoing a transfer listing to the ACE Market via Bursa Malaysia's transfer listing framework.
As part of the transfer listing process, the Company must secure approvals from its shareholders and ICPS holders through Extraordinary General Meetings (EGM) to initiate the withdrawal of listing from the LEAP Market and apply for transfer to the ACE Market.
2024-04-08 10:15
ICT Zone's 1HFY2024 net profit more than doubles to RM4.37 mil
https://theedgemalaysia.com/node/726374
2 months ago
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