Datasonic Group Berhad in its recently concluded EGM stated that it had recorded a best-ever top-line performance and second-highest-ever bottom-line results at RM344.7 million and RM76.4 million.
“Forging ahead, we anticipate FY24 to remain challenging amid the elevated market ambiguities arising from ongoing macroeconomic issues. Nevertheless, we are resolute in pursuing our strategic plans with prudent management. The Group has identified promising areas of growth that we can capitalize on to further expand our business said Executive Deputy Chairman of Datasonic, Datuk Haji Abu Hanifah bin Noordin
The group noted that demand for passports is expected to remain on an upwards trend, and will be gradually ramping up the production of its manufacturing of polycarbonate data page and growing the number of Malaysian passports that is 100% made in Malaysia. Separately, the Group will also deploy foreign worker card (“i-Kad”) by this month and the immediate aim is to meet all the backlog and new iKad issuance in a timely manner.”
On balance, the prospects of Datasonic continue to be bright premised upon our strategic plans and healthy order book of RM339 million and look forward to a new chapter of growth for the Group.
The Group declared and paid total dividends of 2.0 sen per share in FY23, totalling RM56.7 million. This represents a dividend payout ratio of 74.2% based on RM76.4 million profit after tax and non-controlling interest (“PATNCI” or “net profit”).
