Mr. Joel Chin reports

GINSMS ANNOUNCES FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2023

GINSMS Inc. has released its financial results for the second quarter ended June 30, 2023.

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

• Revenue of $840,372 for the three-month period ended June 30, 2023, as compared with $630,880 for the three-month period ended June 30, 2022;
• Gross profit of $306,419 for the three-month period ended June 30, 2023, as compared with gross profit of $223,859 for the three-month period ended June 30, 2022;
• Operating expenses and finance costs of $211,157 for the three-month period ended June 30, 2023, decreased from $228,054 for the three-month period ended June 30, 2022;
• Net profit of $102,437 for three-month period ended June 30, 2023, as compared with a net loss of $15,149 for three-month period ended June 30, 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 (short messaging service) 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 worldwide. GINSMS has offices in China, Singapore, Hong Kong, Malaysia and Indonesia.

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