Reported 7 months ago
Benefiting from the increasing number of migrant workers in Taiwan, Trans Zhen recorded a consolidated revenue of 1.161 billion in the first five months of this year, a 31.64% year-on-year increase. As a leader in the migrant small amount international remittance service market, the company looks forward to a cautiously optimistic outlook for this year, aiming to boost long-term stable growth through increased registration of effective QuickPay APP members, remittance transactions, and retail shipment collaborations in cosmetics and health products. The company recently approved last year's financial statements and profit distribution during the shareholders' meeting, deciding to distribute a cash dividend of 2.73 yuan per share, with a cash dividend rate of 99.64%, marking five consecutive years of dividend distribution exceeding 70%. With the labor shortage becoming a norm, the Ministry of Labor agreed to expand the quota for migrant workers and modify related regulations, contributing to the continuous increase in the number of foreign migrant workers in Taiwan and assisting in the growth of Trans Zhen's financial technology business. By establishing a financial technology mobile APP connecting convenience stores and a comprehensive network of foreign financial institutions from Vietnam, Thailand, Indonesia, the Philippines, etc., the company simplifies remittance procedures for foreign workers in just four steps, significantly shortening the time for transferring funds back home from 1 to 2 days to within an hour. Anticipating a cautiously optimistic outlook for 2024, Trans Zhen is optimistic about the influx of Taiwanese businesses, increasing demand for foreign migrant workers, and the government's relaxation on introducing foreign workers. Leveraging its 24 years of experience in the migrant telecom prepaid card market, the company aims to deepen relationships with partners, promote the QuickPay platform's small amount international remittance service, and capture more market share in the foreign migrant worker sector. In May, Trans Zhen recorded a consolidated revenue of 234 million, a 3.00% monthly increase and a 32.98% annual increase, with the financial technology and communication and distribution businesses growing by 37.35% and 19.09% respectively. The cumulative consolidated revenue for the first five months of this year amounts to 1.161 billion, marking a 31.64% year-on-year increase.
Source: YAHOO