Latest news with #KevinLoh
The Star
2 days ago
- Business
- The Star
CTOS charts new course after missteps
Loh: CTOS aims to achieve a profit of between RM85mil and RM90mil for FY25. CTOS Digital Bhd is embarking on a different kind of journey this year – one that's grounded in pragmatism and reinvention, following a series of lacklustre quarters and leadership transitions. The credit reporting agency, led by interim chief executive officer Kevin Loh since May 1, is hoping to reclaim investor trust through a multi-pronged strategy.
New Straits Times
25-07-2025
- Business
- New Straits Times
CTOS' Q2 earnings drop 17pct to RM21.61mil, revenue rises
KUALA LUMPUR: CTOS Digital Bhd's net profit fell 17 per cent to RM21.16 million in the second quarter of June 30, 2025 (2Q25) from RM25.5 million a year ago. Its quarterly revenue, however, increased to RM79 million from RM76.64 million previously, driven by stronger contributions from the key accounts, commercial and direct-to-consumer segments. CTOS' earnings per share of fell to 0.90 sen from 1.10 sen in 2Q24. In the first half of the year ended June 30, 2025 (1H25), CTOS registered a lower net profit of RM35.6 million from RM46.32 million a year ago, while revenue rose to RM155.07 million from RM148.22 million. The company declared a second interim single-tier dividend of 0.65 sen per ordinary share in respect of the three-month period ended June 30, 2025, which will be paid on Oct 24, 2025. This translates to a payout ratio of 71 per cent for the quarter, while the entitlement date for the dividend payment is Sept 26, 2025. CTOS interim group chief executive officer Kevin Loh said it continues to see positive revenue growth as it intensifies efforts to deepen market penetration both in Malaysia and across the region. "In 1H25, we undertook a series of initiatives across the company to optimise our cost structure and deploy resources more effectively. "These initiatives form part of our broader strategy to enhance operational efficiency and strengthen our foundation for sustainable long-term growth," he added. Loh said the company has made meaningful progress in product innovation, with several new solutions launched to address the evolving needs of its clients. "Our associate companies are also performing well. Notably, JurisTech continues to gain strong traction, supported by a growing orderbook and an expanding regional presence," he added.
