DGB 0152 Share Price

The group has recorded a significant decrease in its Loss before tax(“LBT”) for FYE 2022 led by the group’s higher revenue and effective cost management initiatives. The Group’s LBT decreased by 21%, from RM35.8 million in FYE 2021 to RM28.4 million in FYE 2022. Moving Forward, In the value-added products and services segment, the Group intends to deploy additional vending machines throughout the Klang Valley and Malaysia. This is aimed at enhancing the Group’s competitive advantage and improving its positioning relative to other advertising platforms. while, In the logistics services segment, the Group plans to expand its e-commerce presence through collaborations with additional platforms and provision of fulfillment services to their respective vendors. This strategic move is expected to result in an increase in the Group’s market reach.

The Group generated a higher revenue of RM7.1 million and LBT of RM8.3 million, compared with revenue of RM5.5 million and LBT of RM7.7 million in the preceding financial quarter. The increase in revenue for the current financial quarter was due to higher revenue in value-added products and machines sold.

The increase in revenue and gross profit for the current financial quarter is on account of the increased hotel occupancy rates in Taiwan, which increased from an average of 25% to 53%. The loss before tax for the current financial quarter is lower than the preceding financial quarter due to lower impairment on receivable (RM3.3 million) and unrealised loss on other investment (RM1.8 million) recorded.

The Group recorded a revenue and LBT for the current financial quarter under review of RM6.8 million and RM7.8 million respectively as compared with the preceding financial quarter’s revenue and LBT of RM6.6 million and RM9.5 million respectively. Revenue generated was fairly consistent between the two quarters. The LBT for the quarter under review, however, was lower mainly due to lower impairment loss charged as compared with preceding quarter ended 31 December 2020.

DGB Asia Bhd, a software and engineering solutions company, has emerged as a new substantial shareholder of ACE Market-listed PUC Bhd, after acquiring a 6.51% stake or 40.2 million shares in the open market. In a bourse filing today, DGB said its wholly-owned subsidiary DGB Networks Sdn Bhd had acquired the shares in PUC during the period from Oct 12 to Nov 17 for a total of RM10.05 million. DGB said the group intends to look into opportunities to capitalise on the new relationship with digital lifestyle service provider PUC, including the potential of sourcing related technology and future expansion of logistic services and other business opportunities.

The Group reported a revenue and LBT for current quarter of RM3.69 million and RM1.91 million respectively as compared with the preceding quarter’s revenue and LBT of RM0.31 million and RM5.40 million respectively. The lower LBT in current quarter was mainly due to lower impairment loss charged as compared with preceding quarter ended 31 December 2019.

XOX Media Sdn Bhd had signed a memorandum of understanding (MoU) with DGB Networks Sdn Bhd, a wholly owned subsidiary of DGB Asia Bhd, to collaborate in the deployment of up to 1,000 next generation artificial intelligence (AI) vending machines.

In Financial Year End 2018, the directors’ remuneration was 0.42 million. It was slightly low compared to average in listed companies, considering the employees’ remuneration of 1.7 million and auditor’s remuneration of 145 thousands