12 / 178
10
GHL Systems Berhad
(293040-D)
Annual report 2015
Chairman’s
Statement
The Group performed well despite 2015 being a challenging year for the retail trade industry.
The introduction of the Goods and Service Tax (GST) and the depreciating Ringgit did, to
some extent, negatively impact consumer confidence, spending and hence, the payments
industry.
FINANCIAL AND OPERATIONAL HIGHLIGHTS
GHL saw Group revenues grow to RM211.38 million for the year ended 31st December
2015 from RM164.93 million a year ago (+28% yoy). Pretax profits grew strongly by 45% yoy
to RM16.12 million from RM11.12 million in 2014. 2015 pretax margins were also up 7.6% as
compared to 6.7% in the prior year.
2015 marks the fourth consecutive year of growing profitability since the Group turned the
corner from the loss making years of 2008 to 2011.
Dear Shareholders
I am pleased to present GHL
System Berhad’s Annual Report
and Financial Statements for
the year ended 31st December
2015.