KUALA LUMPUR (July 16): CTOS Digital Bhd, which is slated to list on the Main Market of Bursa Malaysia next Monday (July 19), posted a 64% jump in normalised net profit to RM15 million for the second quarter ended June 30, 2021 (2QFY21) from RM9.1 million in the previous year’s corresponding quarter.

In a statement, it said its reported net profit stood at RM11.8 million for the quarter, a year-on-year increase of 56% from RM7.5 million, while its revenue grew 23% to RM37.8 million.

The group declared a first interim single tier dividend of 0.533 sen per share for the financial year ending Dec 31, 2021, which will be paid on Sept 3, 2021.

For the first half of its financial year, its normalised net profit increased 70% to RM31.4 million versus RM18.5 million a year earlier, on the back of a 17% increase in revenue to RM75.8 million.

“Our strong growth in the most recent quarter and first half of the year testifies to our resilient business model despite the implementation of various movement control orders in Malaysia.

“We will continue to deliver innovative digital solutions to our extensive Key Accounts customer base. This is on top of growing our commercial segment through new activations and educating and providing the tools for SMEs and individuals to make informed financial decisions,” said CTOS Digital group chief executive officer Dennis Martin.

CTOS Digital’s Main Market IPO is fixed at RM1.10 per share, translating to a market capitalisation of RM2.4 billion.

CTOS Digital is the holding company of credit reporting agency CTOS Data Systems Sdn Bhd.