Radiant Bounces Back To Profitablity Records 130% Revenue Rise

Radiant Globaltech Berhad, posted net profit of RM3.7 million for the nine months, compared to net loss of RM0.4 million in the previous year, as 9M21 revenue expanded 130.4% to RM94.5 million from RM41.0 million previously.

The Group attributes the increase to more hardware and software solutions provided to industrial companies, and retailers such as convenience store and departmental store chains. This segment revenue rose 160.1% to RM85.1 million from RM32.7 million a year ago, while Software revenue grew 13.8% to RM9.5 million from RM8.3 million previously.


MD Paul Yap Ban Foo added we have also been supporting a higher number of transactions on our cloud-based portals for our customers as retail activity picks up.”

“In addition to the improving retail environment, we are seeing healthy sales to our industrial customers as economic activities in the country improve further.”

For the third quarter ended September, the Group’s net profit improved to RM0.5 million from RM0.1 million a year ago, as revenue grew more than twofold to RM32.4 million in 3Q21 from RM14.5 million previously. The resilient performance in the Hardware and Maintenance, as well as Software segments, helped to offset higher tax expenses in 3Q21 from unrecognised deferred tax assets.

Radiant Group had, in September 2021, acquired technology solutions providers World POS Sdn Bhd and World Portal Sdn Bhd, which expanded the Group’s customer base in the enterprise, retailers, and Small-and-Medium Business (SMB) categories. The acquisitions also expanded its software solutions and web-based B2B portal offerings.

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