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Quarterly Report For The Financial Period Ended 30 September 2016

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Unaudited Condensed Consolidated Statement Of Comprehensive Income
For The Year Ended 30 September 2016

Unaudited Condensed Consolidated Income Statement

Income Statement
Condensed Consolidated Statement Of Financial Position
For The Year Ended 30 September 2016
Financial Position
Review Of Performance

The Group recorded a profit of RM1,215,000 for the period ended 30 September 2016. A decrease by RM5,169,000 from a profit of RM6,384,000 for the period ended 30 September 2015.

IT related products and services

The revenue for the financial period ended 30 September 2016 is RM210,663,000 as compared to RM251,522,000 for the financial period ended 30 September 2015.

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

Bulk mailing outsourcing services

Review Performance

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

The revenue for the financial period ended 30 September 2016 is RM21,800,000 as compared to RM25,654,000 for the financial period ended 30 September 2015. The reduction is due to lower volume recorded.

The segments result has decreased from a profit after taxation of RM847,000 for the financial period ended 30 September 2015 to loss after taxation of RM55,000 for the financial period ended 30 September 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 period ended 30 September 2016 is RM9,229,000 as compared to RM743,000 for the financial period ended 30 September 2015.

The segments result has increased from a loss taxation of RM103,000 for the financial period ended 30 September 2015 to profit after taxation of RM1,480,000 for the financial period ended 30 September 2016.

Comparison With Preceding Quarter's Results

The Group recorded revenue of RM155,775,000 for the current quarter ended 30 September 2016, an increase of RM87,620,000 compared to RM68,155,000 in the preceding quarter ended 30 June 2016.

The Group recorded profit before taxation of RM535,000 for the current quarter ended 30 September 2016, an improvement of RM679,000 compared to loss before taxation of RM144,000 for the preceding quarter ended 30 June 2016.

The Group recorded loss after taxation of RM44,000 for the current quarter ended 30 September 2016, an improvement of RM641,000 compared to loss after taxation of RM685,000 for the preceding quarter ended 30 June 2016.

Commentary On Prospects

The Malaysian economy is expected to remain on a sustained growth path of 4 4.5%, despite the challenging economic environment globally and domestically. Domestic demand, particularly private sector activity will continue to be the key driver of growth. Private consumption is expected to remain supported by wage and employment growth, with additional impetus coming from announced Government measures to increase disposable income. Investment activity will continue to be anchored by the on-going implementation of infrastructure projects and capital spending in the manufacturing and services sectors. On the external front, export growth is expected to remain weak following subdued demand from Malaysia's key trading partners. Overall, while domestic conditions remain resilient, uncertainties in the external environment may pose downside risks to Malaysia's growth prospects. (Source : Bank Negara Malaysia published on 11 November 2016)

The Group's business environment is expected to remain challenging for 2016. 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, ASEAN and Africa.

Bulk mailing outsourcing services

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