Annual Report 2023 39 FY2023 Net Profit: RM76.4 million FY2023 Dividend Payout: 74.2% of FY2023 Net Profit On the other hand, Datasonic is delighted to have clinched the RM140.0 million foreign worker card (“i-Kad”) contract for the supply of i-Kad to IDM for a period of 36 months commencing from 1 November 2022 to 31 October 2025. We will provide new i-Kad enhanced with worldclass security features and aim to substantially improve the manufacturing lead time to ensure timely delivery without compromising the cards’ quality and security. As for our e-gate projects, Datasonic had in December 2022, successfully completed the delivery and deployment of additional 20 units of e-gates with our own in-house developed facial recognition system at the immigration office of Bangunan Sultan Iskandar (“BSI”), Johor, which is part of the Malaysia Automatic Clearance System (“MACS”) project. This brings our total e-gates deployed for the MACS project to 42 units. MANAGEMENT DISCUSSION & ANALYSIS Order Book Value RM339 million as at 31 March 2023 Another exciting development in the financial year under review is the Memorandum of Agreement (“MOA”) we entered with the Ministry of Urban Planning, Housing and Territorial Development (“MUHAT”) of the Republic of Guinea in December 2022. This is for us to co-operate and collaborate on issues relating to the printing of secure documents, digitisation and improvement of land management solutions and services (“eLand Project”). Followed by the implementation of new computerised citizen data in land matters and incorporate biometric authentication of land data. The plan is also to manufacture, supply and customisation of high security documents for the land title. Lastly, implementing new secure procedures with an emphasis on transparency and efficiency in the processing of land title applications and authorisations. At end-FY2023, following the various contracts secured, Datasonic’s order book stands at RM339 million, providing us with promising prospects for the upcoming financial years.
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