Improved 2Q performance for DSONIC (5216): DATASONIC GROUP BHD as economy opens
KUALA LUMPUR: Security-related integrated ICT solutions provider Datasonic Group Bhd announced a stronger set of results for the second quarter ended Sept 30, 2021 following the reopening of the economy and believes the worst is behind it.
In a statement on Tuesday, it said Its 2QFY22 revenue increased by 65.3% on-quarter to RM28.7mil from RM17.4mil in the first quarter. Its 2QFY22 net profit was RM1mil versus a net loss of RM5.6mil in 1QFY22.
The top and bottom-line improvement was largely due to higher supply of passport and personalisation services.
Datasonic group managing director/CEO Wan Zalizan Wan Jusoh said: “We are delighted to see a turnaround in our 2QFY22 financial performance from the immediate preceding quarter in line with the reopening of the economy.
"We believe the worst is behind us and it will be brighter times ahead for Datasonic. In tandem with the reopening of international borders, we are seeing pent-up demand for passport. We are readying ourselves in anticipation of the surge in orders to ensure continuous and smooth delivery.
"We expect the demand to continue to be stronger and stronger with more quarantine-free travel arrangements between Malaysia and other countries,” he added.
Wan Zalizan added the company was approved the payment of the second interim dividend of 0.125 sen per share for the quarter under review.
“More excitingly, in the past week, we have secured the contracts extension for the supply of the Malaysian passport chips, passport booklets and polycarbonate biodata pages for another 24 months which worth about RM280mil.
"Datasonic has been the sole provider of e-Passport solutions to the Immigration Department of Malaysia since 2016 with excellent track record, delivery services and performance. The contracts extension will provide us great earnings visibility for the next 24 months,” he added.
Wan Zalizan said the outlook of Datasonic remains promising premised upon the above-mentioned factors as well as the various economic stimulus measures introduced by the government in line with the National Digital Transformation.
"Thus, we are positive that the coming quarters will be better for Datasonic barring any unforeseen circumstances.The group’s order book stands at approximately RM420.2mil as of Sept 30,2021 and it is in a net cash position," he said.
https://www.thestar.com.my/business/business-news/2021/11/30/improved-2q-performance-for-datasonic-as-economy-opens
Singapore Investment
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Market correction2 days ago
-
-
-
-
-
-
Nine days of silent retreat2 days ago
-
-
-
-
-
-
-
-
An evolving Fed under Kevin Warsh4 days ago
-
-
-
-
-
-
-
-
Portfolio Returns for June 20266 days ago
-
-
China Day 12 - 独克宗古城 (香格里拉)1 week ago
-
-
-
-
-
-
“What were you thinking?!”1 week ago
-
-
Finance Investment Movement 701 week ago
-
-
-
Dividends May 20262 weeks ago
-
-
-
-
May 2026 Portfolio3 weeks ago
-
May 2026 Updates3 weeks ago
-
-
-
-
-
Portfolio (May 30, 2026)4 weeks ago
-
Portfolio (May 30, 2026)4 weeks ago
-
-
-
Portfolio -- May 20264 weeks ago
-
-
-
组屋达到MOP后,你能做什么?5 weeks ago
-
1M net worth at 285 weeks ago
-
-
-
Short games vs long games1 month ago
-
When the Market Humbles You.2 months ago
-
-
-
Special Dividend Anyone?2 months ago
-
-
A Case for Mindful Consumption2 months ago
-
Some thoughts on my portfolio2 months ago
-
-
March 20263 months ago
-
-
Farewell careyourpresent.com3 months ago
-
-
A new year, a new workplace, a new start3 months ago
-
-
-
-
Weekly Flow show report, Feb 15 20264 months ago
-
-
The 2026 HDB “MOP Wave” & Upgrading Strategy5 months ago
-
Cory Diary : Family Expense Dec'255 months ago
-
-
Best Countries to Invest in 20265 months ago
-
-
FG Year in Review 20255 months ago
-
Restarting on Substack...6 months ago
-
-
Loopholes Singapore is on YOUTUBE!7 months ago
-
What Shall We Do About VERS?7 months ago
-
-
-
-
-
-
-
Been a while!10 months ago
-
-
-
Is Suntec REIT A Good Buy Now In 2025?10 months ago
-
-
-
-
-
-
FAQ on Quantitative Investing Part 21 year ago
-
-
-
-
-
Top 10 Highlights of 20241 year ago
-
-
-
STI ETF1 year ago
-
-
-
Unibet Casino Bonus Codes 20241 year ago
-
-
-
-
Monthly IBKR Update – June 20241 year ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Monthly Summary of November 20232 years ago
-
Migration of website2 years ago
-
-
-
-
-
Hello SP Group, I'm Back!2 years ago
-
-
-
A New Light3 years ago
-
-
-
-
2022 Thoughts, Hello 2023!3 years ago
-
Series of Defaults for Maple Finance3 years ago
-
Takeaways from “Sea Change”3 years ago
-
Greed is Coming Back3 years ago
-
-
-
-
-
-
-
-
What is Overemployment4 years ago
-
Terra Hill Condo (former Flynn Park)4 years ago
-
Alibaba VS Tencent: The Battle Royale4 years ago
-
-
-
-
-
-
-
-
-
-
-
-
