KUALA LUMPUR (Feb 25): Retail technology solutions provider Radiant Globaltech Bhd aims to leverage its direct presence into Thailand’s large retail sector with the recent joint venture agreement with Simat Technologies Public Co Ltd.

In a statement Feb 24, Radiant Globaltech’s managing director Paul Yap Ban Foo said with this, the firm will provide point of sales equipment and retail software solutions to retailers in Thailand.

“We have received higher enquiries from small and medium enterprises to large multinational companies for our retail management portal AX Retail B2B due to its ability to enhance operational efficiency and accuracy,” he said.

For the financial year ended Dec 31, 2019, Radiant Globaltech’s net profit surged 94.8% to RM5.8 million from RM3 million a year earlier on greater adoption of retail technology in Malaysia.

At the midday break today, Radiant Globaltech shares were 8.62% or 2.5 sen higher at 31.5 sen, valuing it at RM165.44 million.