Datasonic Group Berhad (Datasonic or the Group), a leading provider of security-related integrated ICT solutions in Malaysia, has announced its financial results for the first quarter of the fiscal year 2025 ("1QFY25"), ending 30 June 2024.
For 1QFY25, Datasonic achieved a revenue of RM90.8 million, marking a 7.0% increase from RM84.8 million in the same quarter of the previous year. The revenue boost is attributed to strong demand for passports, ID cards, and financial card personalisation services.
The Group's net profit for the quarter rose significantly by 42.0% year-on-year, reaching RM27.0 million compared to RM19.0 million in 1QFY24. This notable profit increase reflects enhanced operational efficiency and robust demand.
Tengku Dato' Seri Abu Bakar Ahmad bin Tengku Tan Sri Abdullah, Executive Chairman of Datasonic, expressed satisfaction with the strong start to the financial year. He commented, "We are delighted to have started the financial year on a solid footing with impressive results. Looking ahead, Datasonic's prospects remain exciting as we build on this healthy momentum."
He added, "Timely and uninterrupted delivery of passports, MyKad, and i-Kad remain our top priorities. We will also continue to play a significant role in deploying more autogate solutions nationwide. Recently, we secured a RM21.2 million contract from the Ministry of Economy to provide 818 vending machines for the implementation of the IPR under the Food Entrepreneur Initiative (INSAN). We are pleased to support the Government's People's Income Initiative (IPR)."
Datasonic is also making strides in global markets, with plans to commence its first overseas e-passport project in September 2024. Additionally, the Group has secured a RM30.0 million smart card contract in Indonesia with Perum Percetakan Negara Republik Indonesia, a wholly-owned entity of the Indonesian Ministry of State-Owned Enterprises. These achievements underscore Datasonic's commitment to diversifying its revenue streams.
In line with its consistent practice of quarterly dividend payouts, the Board has declared a first interim dividend of 0.75 sen per share for 1QFY25. Datasonic has maintained a regular dividend payout every year since its listing in 2012.