Business
Results for the year ended 31 March 2019
Results for the year ended 31 March 2019.
About this update from Gstechnologies Ltd.
[{"type":"text","content":"\n \nRNS Number : 3893H Golden Saint Technologies Limited 31 July 2019 \n\n \n31 July 2019\n \n \nGolden Saint Technologies Limited\n(\"GST\", the \"Group\" or the \"Company\")\n \nResults for the year ended 31 March 2019\n \nGolden Saint Technologies Limited (LSE: GST), the integrated information and communication technology infrastructure solutions provider, is pleased to announce the Company's results for the year ended 31 March 2019.\n \nHighlights\n \n\n\n\n\n· \n\n\nAdmission to the Main Market of the London Stock Exchange in November 2018\n\n\n\n\n· \n\n\nAppointed as a distribution, marketing, sales and services partner to P2 Mobile Technologies Limited for Smart Virtual Fiber®\n\n\n\n\n· \n\n\nIn December 2018 awarded a US$1 million data centre project in Thailand\n\n\n\n\n· \n\n\nSigned a Strategic Cooperation agreement with IT Care Ltd in February 2019\n\n\n\n\n \nPost Period End Highlights\n \n\n\n\n\n· \n\n\nSigned a Letter of Intent (\"LOI\") with Siam Motors Co Ltd (\"SIAM\") detailing the parties intention to enter into a joint venture to build, own and operate a tier three data centre facility in May 2019\n\n\n\n\n· \n\n\nAppointment of Wilson Teng Wai Leung as Managing Director of GST (Thailand) Private Ltd\n\n\n\n\n \nChairman's Statement\n \nOn behalf of the Board of Directors of GST, I am pleased to present the annual results of the Company for the year ended 31 March 2019, a year which included our admission to trading on the Main Market of the London Stock Exchange.\n \nThe Asian economy generally performed well during the reporting period, despite the geo-political uncertainties in the global economic environment. 2018 was a year of growth in Singapore with a 3.2% increase in GDP, while the information communication technology industry continued to grow strongly. \n \nWith our continued focus, our ICT Solution provider business made significant improvements in both its sales and operations in the period under review, and our Data-Centre Division (\"DC\") also delivered fruitful results, with GST's top-line revenues increasing by 46% in US$ terms t...