SNS Network Technology Bhd net profit in the fourth quarter ended January 31, 2024 (4Q24) fell 20.60% to RM13.04 million from RM16.77 a year before.
The lower profit was due to lower revenue recorded, and the increase in selling and distribution expenses mainly attributable to the increase in salaries and commissions to the third-party online marketplaces.
These impacts it said were partially offset by the increase in other operating income primarily due to the increase in interest income from finance lease receivables and rebates received.
The absence of major government project orders impacted quarterly revenue, which decreased to RM390.11 million from RM509.86 million in 4Q23.
The ICT system and solutions provider declared a single-tier third interim dividend of 25 sen per share, payable on May 23, 2024.
This brings the year-to-date dividend to 75 sen per share or RM12.10 million - equivalent to a 38% payout ratio for FY2024, up from 50 sen per share or RM8.06 million paid in FY2023.
For the full year ended January 31, 2024 (FY2024), SNS Network's net profit contracted to RM31.96 million, from RM43.72 million.
Full-year revenue decreased 9.09% to RM1.28 billion, from RM1.40 billion in FY2023.
SNS Network plans to establish 10 new stores to expand its customer base amidst rising demand, especially in the ICT product sales sector.
Its CEO Ko Yun Hung anticipates growth opportunities in supplying high-specification ICT products, driven by escalating data center development locally and regionally, along with the cybersecurity sector's potential doubling in value by 2028, aligning with Malaysia's digitisation initiatives.
SNS Network Technology Bhd截至2024年1月31日的第四季度(第四季度)的净利润从去年同期的1677令吉下降了20.60%,至1,304万令吉。
利润下降是由于收入减少所致,销售和分销费用的增加主要归因于第三方在线市场的工资和佣金的增加。
该公司表示,这些影响被其他营业收入的增加部分抵消,这主要是由于融资租赁应收账款和获得的回扣的利息收入的增加。
没有重大政府项目订单影响了季度收入,从23年第四季度的5.0986亿令吉降至3.9011亿令吉。
这家ICT系统和解决方案提供商宣布派发每股25仙的单级第三次中期股息,将于2024年5月23日支付。
这使今年迄今为止的股息达到每股75仙或1,210万令吉,相当于 FY2024 的派息率为38%,高于每股50仙或以 FY2023 支付的806万令吉。
截至2024年1月31日的全年财年(FY2024),SNS Network的净利润从4,372万令吉收缩至3,196万令吉。
全年收入从 FY2023 的14亿令吉下降了9.09%,至12.8亿令吉。
在需求不断增长的情况下,尤其是在ICT产品销售领域,SNS Network计划建立10家新门店,以扩大其客户群。
其首席执行官高润洪预计,在本地和区域数据中心开发不断升级的推动下,供应高规格ICT产品的增长机会,以及网络安全行业的价值到2028年可能翻一番,这与马来西亚的数字化举措保持一致。