Reopening Of Economy Drives Radiant Globaltech Profits 460% For 2021

Radiant Globaltech Berhad posted net profit jump of 4.6 times to a record RM7.3 million in the financial year ended 31 December 2021 (FY2021) from RM1.6 million a year ago, as it benefitted from the reopening of various economic sectors.

Revenue increased 76% to RM134 million from RM76.1 million previously, as the Group implemented more hardware and software solutions to industrial and retail players such as fast-moving consumer goods manufacturers and convenience stores. Hardware and Maintenance revenue rose 83.4% to RM119.1 million from RM65.0 million a year ago, while Software revenue grew 32.7% to RM14.8 million against RM11.2 million previously.


MD Paul Yap Ban Foo “Delivering our best performance amidst a challenging FY2021 speaks of the immense demand from industrial and retail companies to continuously enhance efficiencies through business process automation and cloud solutions.

On top of improving efficiency, we intend to continue appealing to both large-scale as well as small-medium enterprises with our comprehensive solutions, to adapt to the omnichannel environment to bridge physical stores and e-commerce.

We are confident of our growth going forward, as we leverage our one-stop automation solutions for the domestic and regional markets. We are also building long-term recurring income streams through our software solutions, as well as maintenance and support services.”


For the fourth quarter ended 31 December 2021 (4Q21), the Group registered 83.7% higher net profit to RM3.6 million from RM2 million a year ago, while revenue increased 12.7% to RM39.4 million compared to RM35 million previously.

4Q21 Hardware and Maintenance revenue rose 6% to RM34.1 million from RM32.1 million a year ago, while Software revenue grew 88% to RM5.4 million from RM2.9 million previously.

Commenting on prospects, Paul Yap said: “While there remains uncertainty due to the Omicron variant of Covid-19, we are optimistic of long-term prospects. The robustness of our solutions, in addition to our healthy balance sheet, will stand us in good stead.”

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