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buy apple account:ARB Q4 net profit soars to RM19.74mil

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The group said in a filing with Bursa Malaysia that its quarterly revenue rose 61% to RM72.56mil from RM45mil in the same quarter in 2019 due to improved contribution from the Enterprise Resource Planning (ERP) and Internet of Things (IoT) segments. KUALA LUMPUR: ARB Bhd recorded a 54.4% jump in net profit to RM19.74mil in the fourth quarter ended Dec 31,2020, from RM12.79mil in the previous corresponding period on higher revenue. The group said in a filing with Bursa Malaysia that its quarterly revenue rose 61% to RM72.56mil from RM45mil in the same quarter in 2019 due to improved contribution from the Enterprise Resource Planning (ERP) and Internet of Things (IoT) segments. The ERP segment is involved in the designing and reselling of customised ERP solutions whereas the IoT segment is involved in integrated solutions. ARB has a rosy outlook on the two segments, which are expected to continue growing and contribute impressive earnings to the group. Over the entire financial year, ARB’s net profit came to RM43.46mil versus RM34.77mil previously, while revenue more than doubled to RM219.45mil from RM102.64mil in 2019.
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