PETALING JAYA: CTOS Digital Bhd remains buoyant on its growth trajectory for 2024, amidst the ongoing recovery of the Malaysian and wider regional economies

       In a filing with Bursa Malaysia, the company said whilst its projections and preparations are robust, it emphasised that the group is not immune to unpredictable elements.

       CTOS said it remains equipped with pre-emptive measures to navigate potential challenges.

       For the fourth quarter ended Dec 31, 2023, CTOS’ net profit rose to RM56.28mil from RM14mil, while revenue in the fourth quarter improved to RM73.15mil from RM52.74mil a year earlier.

       CTOS said it achieved higher revenue from all customer groups (namely key accounts, commercial and direct-to-consumer).

       Basic earnings per share stood at 2.40 sen versus 0.60 sen previously.

       For the financial year ended Dec 31, 2023, CTOS’ net profit grew to RM118.37mil from RM71.72mil previously, while revenue rose to RM261.44mil from RM194.78mil a year earlier.

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