Mr. Joel Chin reports

GINSMS ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2023

GINSMS Inc. has released its financial results for the first quarter ended March 31, 2023.

The complete financial results for GINSMS are available on SEDAR. Highlights include:

• Revenue of $820,657 for the three-month period ended March 31, 2023, as compared with $725,536 for the three-month period ended March 31, 2022;
• Gross profit of $344,456 for the three-month period ended March 31, 2023, as compared with gross profit of $270,688 for the three-month period ended March 31, 2022;
• Operating expenses and finance costs of $272,788 for the three-month period ended March 31, 2023, increased from $195,059 for the three-month period ended March 31, 2022;
• Net profit of $71,668 for three-month period ended March 31, 2023, as compared with a net profit of $75,629 for three-month period ended March 31, 2022.

About GINSMS Inc.

GINSMS is a mobile technology and services company focusing on two areas, namely its A2P (application to person) messaging service and its software products and services. GINSMS operates a cloud-based A2P messaging service that allows the termination of SMS to mobile subscribers of more than 200 mobile operators globally. GINSMS also develops and distributes innovative software products and services for mobile operators and enterprises and has successfully deployed more than 100 solutions around the world. GINSMS has offices in China, Singapore, Hong Kong, Malaysia and Indonesia.

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