G3 Global records highest revenue in Year 2021 on higher COVID-19 test kit distribution solutions
KUALA LUMPUR, Feb 28, 2022 - (ACN Newswire) - Artificial Intelligence specialist G3 Global Berhad ("G3 Global" or "Group") completed its financial year ended 31 December 2021 ("FY2021") on a positive note as the Group's quarterly revenue surged to the highest level in over 4 years. The stellar performance of its new Healthcare division, where revenue increased by more than 700% quarter-on-quarter ("q-o-q") due to stronger sales of COVID-19 antigen kits, propelled G3 Global closer to its turnaround target. Dirk Quinten, Managing Director G3 Global, which also supplies Internet-of-Things (IoT) connected objects and deliver cloud-based data solutions, recorded a revenue of RM18.79 million in the fourth quarter of FY2021, representing a strong growth of more than eight-fold year-on-year ("y-o-y"). The Group had posted a revenue of RM2.29 million in the previous year corresponding quarter. In terms of bottom-line performan