Datasonic Group Berhad 4QFY22 revenue surged 110.4% year-on-year to RM54.4 million as compared to RM25.8 million a year ago. The significant improvement was largely driven by a higher supply of passports and smart cards.
The surge in Malaysians eager to travel also gave the group better profit which soared to RM13.4 million versus a net loss of RM5.6 million in 4QFY21.
Commenting on the better fortune for the quarter, Chief Executive Officer, Wan Zalizan bin Wan Jusoh said, “We are certainly delighted with the strong set of results posted in the final quarter which led to us closing the financial year on a very positive note. The surge in supply of passports and gradual recovery of MyKad orders have driven the solid performance in the current quarter under review.”
The group expects orders for MyKad to rebound stronger going forward in tandem with the economic activities picking up further traction.
Datasonic’s FY22 revenue remained relatively stable on a YoY basis at RM136.4 million versus RM138.4 million a year ago. The performance was weighed down by the weak 1QFY22 results as the Covid-19 pandemic adversely affected the demand for smart cards. Net profit jumped 40.3% YoY to RM10.2 million for the period under review as compared to RM7.3 million in FY21. The solid improvement was primarily attributed to the robust 4QFY22 performance.
Datasonic’s order book stands at approximately RM435 million as of 31 March 2022 and remains in a net cash position.
The Board has declared a fourth interim dividend of 0.25 sen per share for the quarter under review. The total dividend per share for the current financial year amounts to 0.6 sen, which translates into a full-year dividend amounting to RM17.2 million and a dividend payout ratio of 168.6%.
