RapidCloud International plc provides cloud computing, Web hosting, online business, and professional IT services in Southeast Asia. The company offers its services through three cloud computing delivery models, including Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS). It provides standard, customizable, and integrated SaaS solutions for Web-based systems and mobile online applications, as well as offers mobile SaaS solutions. The company’s SaaS solutions hosts software and make the software available to customers over a public or private network. It also offers mobile PaaS solutions, such as services for mobile messaging, as well as enabli...
Unit B-9-9, Capital 2
No. 2, Jalan PJU 1A/7A
Petaling Jaya, 47301
Founded in 1999
Rapidcloud International Plc Announces Cancellation Of Listing From AIM
Mar 27 17
Trading on AIM for the Rapidcloud International Plc's ordinary shares of no par value each, fully paid have been cancelled from March 27, 2017 7:00am, pursuant to AIM Rule 1.
RapidCloud International plc Announces Directorate and Management Change
Mar 14 17
RapidCloud International Plc announced that Chee Han Wen (Raymond), Chong Lip Kian, and Cindy Choo, have informed the Board of their decisions to resign as directors of the company with immediate effect. Raymond will also relinquish his duty as Chief Executive Officer. The Board has appointed Chew Man Fai, Executive Director, as interim Chief Executive Officer.
RapidCloud International Announces Unaudited Consolidated Financial Results for the Six Months Ended June 30, 2016; Reaffirms Earnings Guidance for the Full Year Ending December 2016
Sep 28 16
RapidCloud International plc announced unaudited consolidated financial results for the six months ended June 30, 2016. Revenue for the six-month period to 30 June 2016 was MYR 7,512,000, which generated a gross profit of MYR 4,772,000. Operating profit and profit before tax therefore remained largely flat year on year at MYR 610,000 and MYR 598,000 respectively. However, profit attributable to ordinary shareholders, decreased to MYR 602,000 from MYR 767,000 which decreased basic and diluted earnings per share to 2.72 sen against 4.11 sen in 2015 and 2.64 sen against 3.97 sen in 2015, respectively. Cash outflow from operations for the half year in 2016 was MYR 1,569,000 versus a cash inflow for the respective period in 2015 of MYR 904,000 primarily due to the increase in receivables and payables as trading activity increased towards the period end. Purchase of property, plant and equipment remained steady at MYR 1,070,000 against MYR 847,000 in 2015 as the company invested in infrastructure to service larger clients secured post the balance sheet date and software expenditure fell marginally to MYR 409,000 against MYR 510,000 in 2015 as certain software development programmes came to a close. Profit before tax was MYR 598,000 against MYR 595,000 a year ago.
The company expects the challenging trading environment experienced in the first half to continue through the remainder of the current financial year. Therefore it expects the financial results for the twelve months to December 2016 will now be similar to last year, which is below current market expectations.