CTOS 4Q earnings rise

PETALING JAYA: CTOS Digital Bhd expects its subsidiaries and business segments to resume their growth momentum in 2023, on the back of the continued recovery of the domestic and regional economies.

In a filing with Bursa Malaysia, the credit reporting agency said for its fourth quarter ended Dec 31, 2022, its net profit rose to RM13.73mil from RM11.93mil in the previous corresponding period, while revenue increased to RM52.74mil from RM38.79mil a year earlier.

Basic earnings per share stood at 0.60 sen, versus 0.50 sen previously. For the financial year ended Dec 31, 2022, CTOS’ net profit grew to RM71.45mil from RM43.12mil a year earlier, while revenue grew to RM194.78mil from RM153.17mil.