Strengthening of USD benefited YGL...See statement below.
16. Prospects for 2017
Businesses are facing challenging times against the backdrop of falling local currency value, rising operating costs and human capital shortages. Ygl still holds positive outlook for the growth of enterprise solutions and services as corporations today requires information technology to improve productivity and efficiency and increase revenue and constrain costs. YGL is establishing its position as a leader in enterprise solutions for the manufacturing and large distribution sectors in Malaysia. As the cost of Ygl proprietary products are not susceptible to the rise in US Dollar against Malaysian Ringgit, compared to the international enterprise software which are in US Dollar denomination. There are opportunities for Ygl to export its proprietary products to the neighbouring countries and the rest of the world.
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Hey! Today, R-Table will be covering YGL Convergence Berhad by presenting 10 years financial results in a short, fun & interesting way. Click the link below to watch the video.
Link: https://youtu.be/vmqaJlwxESI #YAPSS #RTable #YGLConvergenceBerhad
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