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Quarterly Report For The Financial Period Ended 30 June 2018

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Unaudited Condensed Consolidated Statement Of Comprehensive Income
For The Year Ended 30 June 2018

Unaudited Condensed Consolidated Income Statement

Income Statement
Condensed Consolidated Statement Of Financial Position
For The Year Ended 30 June 2018
Financial Position
Review Of Performance

The Group recorded a profit of RM1,092,000 for the period ended 30 June 2018, a decrease by RM3,428,000 from a profit of RM4,520,000 for the period ended 30 June 2017.

The decline in the results was attributed to the conclusion of a major contract from the IT segment that significantly reduced the overall profit margin of the Group. The contract has contributed significant margins to the Group since its acquisition in the previous financial years.

IT related products and services

The revenue for the financial period ended 30 June 2018 is RM126,003,000 as compared to RM197,309,000 for the financial period ended 30 June 2017.

The breakdown of the contribution from different sectors for this segment is as follows:

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.

Strategic business

Review Performance

a. Engineering works

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

The revenue for the financial period ended 30 June 2018 is RM69,114,000 as compared to RM17,508,000 for the financial period ended 30 June 2017.

b. Bulk mailing outsourcing services

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

The revenue for the financial period ended 30 June 2018 is RM12,764,000 as compared to RM11,509,000 for the financial period ended 30 June 2017.

c. Claims service providers

The companies under this sector provide insurance claims platform and parts database for the automotive industry.

The revenue for the financial period ended 30 June 2018 is RM5,123,000 as compared to RM5,703,000 for the financial period ended 30 June 2017.

d. Others

The companies under this sector involved in mobile value added services and provision of solutions to businesses.

The revenue for the financial period ended 30 June 2018 is RM2,272,000 as compared to RM2,478,000 for the financial period ended 30 June 2017.

Commentary On Prospects

The Malaysian economy continued to expand in the first half of 2018, supported by private sector activity. In terms of growth prospects, the MPC assessed that growth of the domestic economy is expected to remain firm. Private consumption will be underpinned by continued wage and employment growth, with an additional lift from higher household spending due to the zerorisation of the GST. (Source : Bank Negara Malaysia published on 16 August 2018)

The Group's business environment is expected to remain challenging for 2018. 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 ASEAN region.

Strategic business

  • Promoting value-added services to existing customer base from public and private sector.
  • Exploring into renewable energy sector.
  • Constant enhancement to the customers' facing platform and systems.