Ace Listed, Kronologi Asia Berhad, provider of Hybrid and Cloud Enterprise Data Management technology reported its third-quarter results showing an improved profit from 2021.
The company recorded a significant improvement in profitability for Q3’FY22, with net profit after tax of RM8 million representing sequential growth of almost 64% year-on-year and 19% from Q3FY’19. On a quarter-on-quarter basis, Q3’FY22’s net profit after tax was 58% higher compared to Q2’FY22, reflecting a continuation of positive trajectory from the Group’s Enterprise EDM and As-A-Service businesses for Hybrid and Cloud segments. The Group’s EBITDA of RM14.9 million represented a growth of 41% and 35% compared to Q2’FY22 and corresponding Q3FY’19.
Mr. Edmond Tay, Group CEO added “We acquired our China associate entity, and with just 3 months of consolidated contribution, the Group drove 64% profitability growth over the prior year. Our overall integration of the Group is delivering synergies with improved contributions across most of our major country markets such as China, India, and Hong Kong.
The growth is reflected in the maturing and new digital transformation age where ”Data is the New Gold” with a comprehensive suite of Products and Services, especially As-A-Service, Kronologi is optimistic for the 2022 outlook.
