ICT Zone Asia achieved RM251.2 million orderbook

by | Jun 4, 2024 | News

KUALA LUMPUR, MAY 31 – Technology financing solutions provider ICT Zone Asia Berhad achieved RM251.2 million in total unbilled orderbook for FY24, with a compound annual growth rate (CAGR) of 63.8% over a 3-year period.


The LEAP market-listed group, which will seek shareholders’ approval to transfer to the ACE market at the upcoming EGM on June 21, 2024, said the surge in orderbook is mainly contributed by the technology financing, cloud solutions, and services segments.


“We are pleased to announce that as a group, we have achieved revenue of RM114.43 million and profit-after-tax (PAT) of RM7.34 million for the financial year 2024. This achievement reflects the growing demand for our ICT offerings and the unwavering trust our customers have in our ability to deliver tailored, sustainable technology financing solutions,” said ICT Zone CEO, Tommy Lim.


ICT Zone’s main business segments include technology financing, trading of ICT solutions, provision of ICT services, and cloud solutions and services. At the recent Hewlett Packard (HP) Amplify Partner Conference in Las Vegas, USA, the group attained two awards: the HP Impact Global Emerging Sustainability Leader Award and the HP Greater Asia Partner of the Year FY23.


Regarding the company’s ESG commitment, ICT Zone has been granted the rights by the Malaysian Green Technology and Climate Change Corporation (MGTC) to use the MyHIJAU Mark on DaaS 360 ICT Lifecycle Services in 2023.


Tommy also said, “Moving forward, we are steadfast in our commitment to champion the circular economy of IT devices. This approach not only aligns with our sustainability goals but also reduces our carbon footprint and promotes environmentally conscious practices aligned with ESG principles.”


As an accredited HP Partner, the group will partner with HP Malaysia to launch the first Carbon Neutral Computing Services (CNCS) in Malaysia on July 4, 2024. Under the CNCS for Personal Computing devices, ICT Zone will provide carbon-neutral HP PCs, while a Sustainability Benefit Report will be offered to corporate customers, providing clear insights into the environmental impact of the PCs. This will benefit public-listed companies, especially after the recent revamped sustainability reporting framework by Bursa Malaysia.


“With the new climate change reporting requirements for PLCs, CNCS will not only improve PLCs’ procurement standards but also allow them to have access to potential green financing moving forward,” said Tommy.


About ICT Zone Asia Bhd

ICT Zone Asia Berhad is a pioneering Malaysia-based information and communication technologies (ICT) solutions provider. The Company’s business segments include Technology Financing, Trading, Service, and Cloud solutions and services. In 2022, the Company unveiled its signature technology financing solutions, Device-as-a-Service (DaaS) 360 (https://daas.my/), a subscription-based model revolutionising ICT device management with integrated life cycle services and financial solutions. Recognising its commitment to sustainability, the DaaS 360 proudly carries the esteemed MyHIJAU mark, a testament to its eco-friendly recognition endorsed by the Government of Malaysia. Leveraging its e-commerce platform, www.komputermurah.my, the Company facilitates the trade of refurbished ICT hardware directly. Under the stewardship of its key management, ICT Zone Ventures Berhad earned the ISO 14001:2015 certification in 2023, underscoring its dedication to minimising its ecological footprint. Through the CLOUDIFY.ASIA brand, ICT Zone Asia extends its technology servitisation expertise further by offering cutting-edge cloud solutions and consultancy services.


Website: https://www.ictzone.asia/

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