CTOS Digital posts improved net profit of RM42.98mil in FY21


KUALA LUMPUR: CTOS Digital Bhd posted a net profit of RM42.98mil in the monetary 12 months ended Dec 31, 2021, which was a 9.7% enchancment over the outcome of the earlier 12 months.

The credit score reporting supplier stated in an announcement that 2021 income rose 15% year-on-year (y-o-y) to RM153.17mil owing to wholesome development from all key segments throughout its divisions.

In the fourth quarter alone, CTOS’s income rose 12.5% to RM38.79mil from the earlier corresponding quarter whereas net profit dipped 8.6% y-o-y to RM11.78mil.

Over the 12 months, earnings per share was 2.1 sen in comparison with two sen in 2020.

CTOS declared a third-interim single-tier dividend of 0.33 sen per share, which can be paid on Feb 25, 2022. The entitlement date for the fee is on Feb 10, 2022.

For the complete 12 months, the group has declared dividends of 1.183 sen per share or RM26mil, which is equal to 60.6% of FY21 profit after tax and minority pursuits (Patami)

“We have actually delivered an exceptionally sturdy efficiency in spite of the extraordinarily difficult financial panorama in 2021.

“While 2021 was a 12 months of rising each organically and new companies via synergistic acquisitions, 2022 can be the 12 months of reaping the harvest of these initiatives,” stated CTOS digital deputy group CEO Eric Hamburger.

He added that there was a powerful U-shape restoration in buyer demand and activations in 4Q21.

While anticipating the momentum to proceed, he additionally anticipates new contributions from its strategic acquisitions together with the 49% buy of fintech participant Juris Technologies Sdn Bhd, which is slated to accomplished in 1Q22 topic to shareholders’ approval.

In gentle of these plans, Hamburger stated the group expects CTOS’s normalised Patami to extend about 25% in FY22.

“We are optimistic of our medium to long run outlook, as we construct on our sturdy platform, increase into new verticals, and search for funding alternatives in Malaysia and the Asia Pacific area,” he added.

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