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$SNS (0259.MY)$ Financial News Cost Reduction Boosts Profits...
Financial News
Cost reductions boost profits, SNS' net profit soars 4 times in the third quarter
December 10, 2024
(From SNS Network Technology Facebook)
(Kuala Lumpur, 10th News) SNS Network Technology (SNS, 0259, Main Board Technology Stock) benefited from lower costs, with a net profit of 10.2 million Ringgit in the third quarter of the 2025 fiscal year (ending in October), compared to 2.02 million Ringgit in the same period last year, a staggering 405.25% year-on-year increase.
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However, the company's third-quarter revenue fell by 5.16% year-on-year to 0.24971 billion Ringgit.
In the first 9 months of the current fiscal year, SNS Network Technology reported a net profit of 20.28 million Ringgit, up 7.16% year-on-year, while revenue shrank by 13.43% year-on-year to 0.767 billion Ringgit.
SNS Network Technology stated that its strong profit growth in the third quarter was mainly attributed to contributions in the commercial channel.
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The company's Managing Director, Wu Yunhan, pointed out in a statement that sales in the Information and Communication Technology (ICT) sector continued to be the main source of income for the company, accounting for 98.8% of sales in the first 9 months.
"As of the end of October, we have secured AI Graphics Processing Unit (GPU) server contracts worth 16.77 million Ringgit, and with the continuous increase in market demand, these contracts are also expected to expand."
Cost reductions boost profits, SNS' net profit soars 4 times in the third quarter
December 10, 2024
(From SNS Network Technology Facebook)
(Kuala Lumpur, 10th News) SNS Network Technology (SNS, 0259, Main Board Technology Stock) benefited from lower costs, with a net profit of 10.2 million Ringgit in the third quarter of the 2025 fiscal year (ending in October), compared to 2.02 million Ringgit in the same period last year, a staggering 405.25% year-on-year increase.
ADVERTISEMENT
However, the company's third-quarter revenue fell by 5.16% year-on-year to 0.24971 billion Ringgit.
In the first 9 months of the current fiscal year, SNS Network Technology reported a net profit of 20.28 million Ringgit, up 7.16% year-on-year, while revenue shrank by 13.43% year-on-year to 0.767 billion Ringgit.
SNS Network Technology stated that its strong profit growth in the third quarter was mainly attributed to contributions in the commercial channel.
ADVERTISEMENT
The company's Managing Director, Wu Yunhan, pointed out in a statement that sales in the Information and Communication Technology (ICT) sector continued to be the main source of income for the company, accounting for 98.8% of sales in the first 9 months.
"As of the end of October, we have secured AI Graphics Processing Unit (GPU) server contracts worth 16.77 million Ringgit, and with the continuous increase in market demand, these contracts are also expected to expand."
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公司在股票投资已账面赚约2.4亿马币，成本价约为1.3亿马币，技术面于8月/2024年开始慢牛走势，Hexza(3298）股票最少值2元
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