KUALA LUMPUR - ICT Zone Asia Berhad, a leader in Malaysia's technology financing sector, received the Hewlett Packard (HP) Amplify Impact Global Emerging Sustainability Leader Award at the HP Amplify™ Partner Conference in Las Vegas, USA. This recognition comes after achieving a high rate of sustainability-influenced sales in the region.
Additionally, ICT Zone Asia won the HP Greater Asia Partner of The Year FY23—Emerging Amplify Impact Partner award. Their consistent wins highlight their commitment to Carbon Neutral Computing Services (CNCS).
The awards signify ICT Zone Asia's leading role in the TechFin industry and mark their strategic move to the ACE Market of Bursa Malaysia Securities Berhad by 1Q2025. This transition, facilitated by Bursa Malaysia’s LEAP Market Transfer Framework, is expected to offer expanded investment opportunities and growth potential, benefiting both the company and the broader Malaysian economy.
Tommy Lim Kok Kwang, Chief Executive Officer of ICT Zone Asia, credits the HP Amplify™ Impact Partner programme for their business advancement. The company is the only Malaysian ICT solutions provider with a 4-star HP Amplify™ Impact Badge, reflecting their commitment to sustainable technology financing.
The move to the ACE Market, reaching a broader investor base than the LEAP Market, is crucial in enhancing shareholder value and opening new investment avenues.
ICT Zone Asia reports a 37% increase in net profit to RM5.32 million and a 35% revenue increase to RM56.19 million for the second half of the financial year ended January. This growth is attributed to improved pricing strategies and new government and enterprise contracts in techfin, cloud solutions, and services.
For 2024, net profit rose 15.8% to RM7.34 million, and revenue increased by 52% to RM114.43 million, bolstered by new and extended lease contracts.
The company expects record orders in its Techfin business, reaching RM236 million over the next three years and RM15.2 million in its Cloud Solutions and Services business.
Meanwhile, ICT Zone Asia is preparing to list on the Malaysian Growth Enterprise Market (GEM). The transition requires shareholder approval from non-redeemable convertible preferred stock (ICPS) holders through an extraordinary general meeting to delist from LEAP and apply for GEM listing.
Chuah Bee Kim is a content creator under the Newswav Creator programme, where you get to express yourself, be a citizen journalist, and at the same time monetize your content & reach millions of users on Newswav. Log in to creator.newswav.com and become a Newswav Creator now!
The User Content (as defined on Newswav Terms of Use) above including the views expressed and media (pictures, videos, citations etc) were submitted & posted by the author. Newswav is solely an aggregation platform that hosts the User Content. If you have any questions about the content, copyright or other issues of the work, please contact Newswav.