Ramssol Group Berhad (Ramssol), a leading Human Capital Management (HCM) solutions and technology provider, through its wholly-owned subsidiary, RAMS Solutions Sdn Bhd (RAMS), has announced a significant expansion of its strategic partnership with Ramco Systems Sdn. Bhd., Malaysia (Ramco), a wholly-owned subsidiary of Ramco Systems. As part of the partnership between both companies, Ramssol will distribute, resell, and implement Ramco`s enterprise applications, especially the recently launched AI-ML powered Ramco Payce, in the Southeast Asia (SEA) region, including Malaysia, Indonesia, Thailand, Singapore, Vietnam, and the Philippines. This partnership marks a significant milestone for Ramssol Group Berhad and Ramco Systems, signalling a strong alliance poised to capture a substantial market share. With Ramssol`s extensive expertise in people consulting management and Ramco`s prowess in offering SaaS-enabled enterprise solutions, this collaboration aims to redefine industry standards and expand both parties` capabilities. Powered by Capital Market - Live News

Ramco Systems announced that the 27th Annual General Meeting(AGM) of the company will be held on 21 August 2024.Powered by Capital Market - Live News

Net Loss of Ramco Systems reported to Rs 23.01 crore in the quarter ended March 2024 as against net loss of Rs 45.57 crore during the previous quarter ended March 2023. Sales rose 3.95% to Rs 131.20 crore in the quarter ended March 2024 as against Rs 126.22 crore during the previous quarter ended March 2023.For the full year,net loss reported to Rs 241.93 crore in the year ended March 2024 as against net loss of Rs 206.84 crore during the previous year ended March 2023. Sales rose 6.83% to Rs 525.83 crore in the year ended March 2024 as against Rs 492.22 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales131.20126.22 4 525.83492.22 7 OPM %1.61-28.36 --29.37-27.51 - PBDT1.84-36.61 LP -156.51-139.85 -12 PBT-20.90-56.96 63 -243.73-220.68 -10 NP-23.01-45.57 50 -241.93-206.84 -17 Powered by Capital Market - Live News

Ramco Systems will hold a meeting of the Board of Directors of the Company on 21 May 2024Powered by Capital Market - Live News

Ramco Systems announced its strategic engagement with Korean Air, a flag carrier of South Korea and its largest airline, to implement its flagship aviation software, Ramco Aviation Suite at Korean Air`s Engine Maintenance Center. This association was officially announced at MRO Americas 2024, Chicago. This engagement comes close on the heels of the airline announcing the construction of its new engine MRO facility in Unbuk, near Incheon International Airport, claiming to be the largest engine maintenance plant in Asia, consolidating all engine MRO capabilities into a single cluster. The airline currently conducts MRO work on six engine models, and with this expansion, Korean Air is looking to add three more engine types to its aircraft family. The implementation of Ramco`s Aviation Software will replace multiple legacy systems to streamline operations across current engine shops and planned expansion sites. With comprehensive MRO-specific functionalities, and integrated e-publications all on a unified platform, offered as an out of the box solution, Ramco Aviation will be the technological foundation for Korean Air. In addition, the airline`s engine maintenance center will also benefit from digital enablers such as Mobility via Anywhere Apps, HUBs, Dashboards and other integrations to the ecosystem offerings, powered by Ramco. Ramco`s robust Engine MRO solution will cater to the current and future expansion plans of the airline, thereby strengthening the airline`s aircraft engine maintenance capabilities and solidifying its presence in the MRO segment.Powered by Capital Market - Live News