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Public company info - UTS Marketing Solutions Holdings Limited , 06113.HK
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UTS Marketing Solutions Holdings Limited, 06113.HK - Company Profile
Chairman Ng Chee Wai
Share Issued (share) 400,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Other Support Services
Corporate Profile Business Summary: The group is principally engaged in the provision of outbound telemarketing services and contact centre facilities for promotion of financial products and its related activities issued by authorised financial institutions, card companies or organisation worldwide (the “Business”). Performance for the year: For the year ended 31 December 2019, the Group recorded revenue of approximately RM79.47 million, representing a decrease of approximately 4.41% as compared with approximately RM83.14 million for the corresponding year ended 31 December 2018. The Group recorded profit after tax of approximately RM13.36 million and RM15.13 million for the years ended 31 December 2019 and 2018 respectively. Net profit margin was approximately 16.8% and 18.2% for the years ended 31 December 2019 and 2018 respectively. The decrease in net profit margin by 1.4%. Business Review The Group is principally engaged in the provision of outbound telemarketing services and contact centre facilities for promotion of financial products and its related activities issued by authorised financial institutions, card companies or organisations worldwide. As at 31 December 2019, the Group was operating six contact centres located within the central business district of Kuala Lumpur, Malaysia with approximately 1,596 employees. The Group’s net profit for the year ended 31 December 2019 amounted to approximately RM13.36 million, representing a decrease of approximately RM1.77 million as compared to approximately RM15.13 million for the corresponding year ended 31 December 2018. The decrease in net profit was mainly attributable to the net effect of: (i) the decrease in revenue from the business in Malaysia by approximately RM3.67 million; (ii) the increase in foreign exchange loss by approximately RM1.01 million; and (iii) the increase in interest income on bank deposits and financial advances by approximately RM2.35 million in total. Prospects: Despite the challenging and uncertainties in the global economies, unresolved trade war, deteriorated market sentiments which suffer from further headwind brought by the coronavirus (Covid-19) outbreak, the Group expects the overall outlook to remain resilient without material deviation from its existing outbound telemarketing workstations ordered by its clients. The Group had also been constantly reviewing potential opportunities to increase its number of workstations ordered beyond its current customer base by either working with new database owners, new insurers or takaful operators in order to improve the Group’s financial performance.

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