SNS Network Technology Berhad announced its second quarter and first half financial results ended 31 July 2024, with Q2 revenue coming in at RM303.71 million with a 42.2% quarter-on-quarter rise while it was lower on year-on-year basis.

PAT was lower at RM6.35 million compared with RM9.02 million in the 2QFY2024 when it secured major orders to supply laptops for the education ministry through commercial channel. Gross profit margin however inched higher year-on-year to 7.17% from 7.03%.

For the cumulative six months, SNS Network's PAT was at RM10.09 million from RM16.91 million a year ago, whereas revenue stood at RM517.30 million, compared with RM622.72 million in 1HFY2024.

Commenting on the results, Mr Ko Yun Hung ,Managing Director of SNS Network, said aside from conventional ICT products and services, SNS Networks continues to be positive towards industry prospects on the back of the ongoing data centre boom that has been reflected in the roll-out of associated construction and infrastructure works for the sector.

The board announced a dividend payout of 0.25 sen per share or RM4.05 million in its latest quarter ended July 31, 2024.