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Quarterly Report For The Financial Period Ended 31 December 2016

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Unaudited Condensed Consolidated Statement Of Comprehensive Income
For The Year Ended 31 December 2016

Unaudited Condensed Consolidated Income Statement

Income Statement
Condensed Consolidated Statement Of Financial Position
For The Year Ended 31 December 2016
Financial Position
Review Of Performance

The Group recorded a profit of RM7,535,000 for the year ended 31 December 2016. An increase by RM6,324,000 from a profit of RM1,211,000 for the year ended 31 December 2015.

The increase is mainly due to better profit margin contributed from IT business segments for financial year 2016.

IT related products and services

The revenue for the financial year ended 31 December 2016 is RM313,991,000 as compared to RM335,690,000 for the financial year ended 31 December 2015.

Review Performance
  • Defence Simulation and Training and IT related solution for defence and security.
  • Transport IT Systems covering multi-sectoral (road, rail, air and water).
  • Homeland Security IT related solution for homeland security.
  • International IT relates solution for international business in Middle East.
  • Health System integration and product development of healthcare related business.
  • Education
  • Managed Services ICT infrastructure solutions.
  • Financial Services Core banking, takaful, insurance and credit management solutions.
  • Automotive Database build for industry reference (Malaysia) and software (Australia).
  • Mobile value added services.

Bulk mailing outsourcing services

Review Performance

The segment is contributed by the Group's subsidiaries in Malaysia and Indonesia.

The revenue for the financial year ended 31 December 2016 is RM27,905,000 as compared to RM33,494,000 for the financial year ended 31 December 2015.

The segments result has decreased from a loss after taxation of RM32,000 for the financial year ended 31 December 2015 to RM886,000 for the financial year ended 31 December 2016.

Engineering works

Review Performance

The Group's subsidiary under the engineering works sector is principally engaged in the provision of electrical, mechanical and civil engineering works for the energy supply company.

The revenue for the financial year ended 31 December 2016 is RM20,366,000 as compared to RM7,055,000 for the financial year ended 31 December 2015.

The segments result has increased from RM501,000 for the financial year ended 31 December 2015 to profit after taxation of RM1,392,000 for the financial year ended 31 December 2016.

Comparison With Preceding Quarter's Results

The Group recorded revenue of RM120,570,000 for the current quarter ended 31 December 2016, a decrease of RM35,205,000 compared to RM155,775,000 in the preceding quarter ended 30 September 2016.

The Group recorded profit before taxation of RM11,717,000 for the current quarter ended 31 December 2016, an improvement of RM11,182,000 compared to profit before taxation of RM535,000 for the preceding quarter ended 30 September 2016.

The Group recorded profit after taxation of RM6,320,000 for the current quarter ended 31 December 2016, an improvement of RM6,364,000 compared to loss after taxation of RM44,000 for the preceding quarter ended 30 September 2016.

Commentary On Prospects

The Malaysian economy will experience sustained growth with the primary driver being domestic demand. Private consumption is anticipated to remain supported by wage and employment growth, with additional impetus coming from announced Government measures to support disposable income of households. Investment activity will continue to be anchored by the on-going implementation of infrastructure projects and capital spending in the manufacturing and services sectors. (Source : Bank Negara Malaysia published on 16 February 2017)

The Group's business environment is expected to remain challenging for 2017. However, the Group will continue to implement relevant strategies to overcome the challenges. These include the following:

IT related products and services

  • Securing recurring business from existing customers while gaining new business from both existing and new customers.
  • Continuously exploring new opportunities in the Middle East and ASEAN.

Bulk mailing outsourcing services

  • Promoting value-added services to existing customer base from public and private sector.