Latest news with #RM5.72mil
The Star
6 days ago
- Business
- The Star
Ramssol posts higher 2Q earnings
PETALING JAYA: Ramssol Group Bhd expects recurring revenue from professional information technology services to grow in tandem with the expansion of its project-based revenue. In a filing with Bursa Malaysia, the company said it is well-positioned to capitalise on the growth of the digital industry as it continues to evolve. It added that it will focus on key areas of the digital industry value chain, potentially benefitting from newly secured projects in the local and Asian markets. For the second quarter ended June 30, 2025, Ramssol's net profit increased to RM5.72mil from RM4.35mil a year ago, mainly due to projects with higher profit margins and the distributorship of human capital management licences. Qaurterly revenue grew to RM24.93mil from RM17.31mil a year earlier. For the six-month period, net profit surged to RM11.56mil from RM8.53mil, while revenue improved to RM43.05mil. Trading ideas: Bumi Armada, Zetrix, Kelington, Kim Hin, Hibiscus, Johor Plantations, Ajiya, Tex Cycle, Pekat, Kimlun, Jiankun, Rimbunan Sawit, Ramssol
The Star
7 days ago
- Business
- The Star
Ramssol reports higher 2Q25 earnings
PETALING JAYA: Ramssol Group Bhd expects a corresponding growth in recurring revenue from professional information technology services, as project-based revenue expands. As the digital industry continues to grow and evolve, the company said in a Bursa Malaysia filing that it is well-positioned to take advantage of this growth. It added that it will focus on the digital industry value chain positions to potentially benefit with new projects secures in the local market and Asian region on its diversified products in human capital management solutions, Cloud AI solutions, used-bike selling platform, e-learning and interactive platform and digital media services specialising in corporate and commercial videos. For the second quarter ended June 30, 2025, Ramssol's net profit rose to RM5.72mil from RM4.35mil in the previous corresponding period, mainly due to certain projects with higher profit margin and the distributorship of human capital management license. Revenue in the second quarter grew to RM24.93mil from RM17.31mil a year earlier. For the six-month period ended June 30, 2025, Ramssol's net profit rose to RM11.56mil from RM8.53mil in the previous corresponding period, while revenue improved to RM43.05mil from RM31.73mil a year earlier
