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OTHERS PRESS RELEASE - OpenSys sustains RM11.1 million net profit in the financial year ended 31 December 2020 ("FY2020")

OPENSYS (M) BERHAD

Type Announcement
Subject OTHERS
Description
PRESS RELEASE - OpenSys sustains RM11.1 million net profit in the financial year ended 31 December 2020 ("FY2020")

The Board of Directors of OpenSys (M) Berhad ("OpenSys" or "the Company") is pleased to announce that the Company maintained net profit of RM11.1 million in FY2020, buoyed by banking customers’ sustained demand for maintenance services for cash recycling machines and Business Process Outsourcing in bill payment kiosks and cheque processing. 

The maintained profitability mitigated the Group’s lower revenue of RM82.4 million in FY2020 compared to RM102.9 million in the financial year ended 31 December 2019, resulting from banks’ deferred adoption of branch transformation solutions, particularly cash recycling machines and teller cash recyclers. 

Please refer to the attachment for further details.

This announcement is dated 22nd February 2021.




Please refer attachment below.



Announcement Info

Company Name OPENSYS (M) BERHAD
Stock Name OPENSYS
Date Announced 22 Feb 2021
Category General Announcement for PLC
Reference Number GA1-22022021-00082




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