Announcement on Bursa Malaysia: Press Release – Catcha Digital Achieves Record Profit in Q1 FY2024 (30 May 2024)
KUALA LUMPUR, 30 May 2024: Catcha Digital Berhad (“Catcha Digital” or the “Company”) announces its financial results for the first quarter ended 31 March 2024 (“Q1 FY2024”).
For Q1 FY2024, the Company reported revenue of RM8.78 million and profit after tax (“PAT”) of RM1.52 million on a consolidated basis. This marks a significant increase compared to Q1 FY2023, where the Company reported revenue of RM2.93 million and PAT of RM0.52 million on a consolidated basis, achieving year-over-year growth of 200% and 192%, respectively.
“We are proud of the team for achieving such profit growth and PAT margins at 17%, owing to heavy focus on cost discipline and product innovation capabilities amidst volatile macro economic environment,” says Eric Tan, Chief Executive Officer of Catcha Digital.
On 31 July 2023, Catcha Digital announced the upliftment of its GN2 status after completing its Regularisation Plan.
“We are pleased to have achieved this record profits in our third quarter after exiting GN2 status in July 2023 and we strive to maintain this momentum. As we continue our mission to build a leading profitable digital group in Southeast Asia, we will pursue strategic partnerships, investments and acquisition that are accretive to our earnings per share,” says Patrick Grove, Chairman of Catcha Digital.
Recently on 28 February 2024, Catcha Digital and Framemotion Studio Sdn Bhd (“Framemotion”) announced a strategic partnership, combining Catcha Digital’s industry-leading digital advertising solutions with Framemotion’s award-winning production capabilities in immersive digital experiences. Through this partnership, Catcha Digital’s clients can now benefit from an integrated online-to-offline advertising solution, leveraging Framemotion’s proven track record in delivering high-quality immersive digital experiences.
END OF PRESS RELEASE
For further information, kindly contact:
Catcha Digital Berhad
Eric Tan – Chief Executive Officer
Email: [email protected]
About Catcha Digital Berhad
Catcha Digital Berhad is a Malaysia-based investment holding company, focused on operating businesses in the digital media, advertising and software industries. The Group’s wholly-owned subsidiary, iMedia Asia Sdn Bhd, is a digital media company that provides integrated advertising solutions to major brands in the fast moving consumer goods, retail, property, entertainment and other industries in Malaysia.
