Green Packet

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Green Packet 3Q net loss narrows

by Emir Zainul

KUALA LUMPUR (Nov 11): Green Packet Bhd, which reported today a third quarter net loss of RM6.81 million versus a net profit of RM5.6 million a year earlier, said the telecommunications company’s quarterly net loss had however narrowed substantially in quarterly terms, mainly due to the interest saving as a result of the settlement of exchangeable medium term notes (EMTN).

According to the group's bourse filing today, Green Packet’s net loss in the third quarter ended Sept 30, 2020 (3QFY20) is lower compared to RM11.98 million in 2QFY20.

The narrower 3QFY20 net loss was also due to "fair value gain from a quoted investment of RM10 million as compared to a fair value gain of RM9 million in the previous preceding quarter”, Green Packet said.

On a year-to-year basis, Green Packet's 3QFY20 revenue fell to RM162.67 million from RM185.61 million.

According to Green Packet, its quarterly loss was mainly due to, among others, higher costs incurred for its solutions business and as the company registered higher expenses to strengthen the group's engineering centre of excellence in Chengdu, China.

Green Packet’s website indicates that its businesses are anchored in three key segments, namely solutions, communications and digital services. The solutions segment involves devices while the communications division involves voice minutes operations, according to the company.

Meanwhile, the digital services segment comprises financial technology and Internet-of-Things, Green Packet said.

In the Bursa filing, Green Packet said cumulative 9MFY20 net loss, however, widened to RM52.87 million from RM17.59 million a year earlier despite revenue increasing to RM454.71 million from RM407.87 million.

Source: The Edge

https://www.theedgemarkets.com/article/ ... ss-narrows

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Plans RM 500m fund with Spore PE company

Source: Deal Street Asia

https://www.dealstreetasia.com/stories/ ... rt-215333/

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Green Packet sees Xendity contributing RM100m revenue over 5 years

PETALING JAYA: Green Packet Bhd’s latest acquisition Xendity Pte Ltd is projected to have a compounded annual growth rate (CAGR) of 15%, which will contribute RM100mil in revenue to the group over the next five years.

The acquisition is a strategic one for Green Packet as Xendity’s e-Know Your Customer (e-KYC) software will complement Green Packet’s enterprise products and solutions.

Back in 2018, Xendity partnered Malaysia’s leading credit reporting agency CTOS to participate in Bank Negara’s e-KYC Financial Technology Regulatory Sandbox programme.

Source: The Star

https://www.thestar.com.my/business/bus ... cquisition

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Green Packet 4Q net loss narrows to RM20m on lower finance cost

by Tan Siew Mung

Quarterly revenue fell 18.79% to RM163.83 million from RM201.73 million, dragged mainly by communication services.

For the full year, the group’s net loss widened to RM73.1 million, from RM45.97 million in the previous year.

This is despite a 1.7% growth in full-year revenue to RM618.54 million, from RM608.18 million previously.

Source: theedgemarkets.com

https://www.theedgemarkets.com/article/ ... nance-cost

[winston]

Strong first quarter for Green Packet

PETALING JAYA: Green Packet Bhd recorded a net profit of RM18.84mil in its first quarter ended March 31,2021, compared with a net loss of RM35.31mil in the previous corresponding period.

On a quarterly basis, the group recorded a profit compared with a net loss of RM17.25mil in the fourth quarter of 2020, it said in a statement.

Source: The Star

https://www.thestar.com.my/business/bus ... een-packet

[winston]

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3Q Results

Revenue: +44%; RM 253m
Profit: RM 800,000
Net Asset: RM 0.03

https://www.bursamalaysia.com/market_in ... id=3426623