Executive director Azmi Osman said SMTrack will work on strengthening its operational efficiency, while keeping cost at a healthy level in order to stay competitive in the radio-frequency identification (RFID) industry. “We will also work on our data creating management segment,” he added. Both firms had on August 12 2016 signed a Memorandum of Understanding for the acquisition of 230 million Wellspring shares for RM300 million. He is hopeful SMTrack will be able to expand Tutti Frutti’s footprints globally. Azmi said SMTrack is optimistic of higher profits for the current year ending July 2018.

Source: New Strait Times December 28, 2017 09:11 UTC