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Quarterly Report For The Financial Period Ended 30 September 2018

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

Unaudited Condensed Consolidated Income Statement

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

The Group recorded a profit of RM1,010,000 for the period ended 30 September 2018,a decrease by RM914,000 from a profit of RM1,924,000 for the period ended 30 September 2017.

The decline in the results was attributed to the conclusion of a major contract from the Core 1 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.

The revenue of the Group were mainly contributed by the following market sectors.

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.

The revenue contributed to the Group from the above market sectors for the financial period ended 30 September 2018 is RM182,897,000 as compared to RM265,614,000 for the financial period ended 30 September 2017.

Comparison With Preceding Quarter's Results

The Group recorded lower revenue at RM89,298,000 for the current quarter ended 30 September 2018 as compared to RM131,369,000 in the preceding quarter ended 30 June 2018.

The Group had also shown some reduction in the margins for the current quarted as opposed to the preceding

  • Profit before tax decreased from RM1,225,000 in the preceding quarter ended 30 June 2018 to RM47,000.
  • The net results decreased from a profit of RM1,284,000 in preceding quarter ended 30 June 2018 to a loss of RM82,000.
Commentary On Prospects

The Malaysian economy is expected to remain on a steady growth path,with private consumption the main driver of growth, investment activity sustained and exports providing an additional lift to growth, albeit to a lesser extent. Underlying economic factors are providing continued support to domestic economic growth, including low unemployment and a surplus in the current account of the balance of payments.(Source: Bank Negara Malaysia published on 16 November 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:

  • Securing recurring business from existing customers while gaining new business from both existing and new customers.
  • Continuously exploring new opportunities in the ASEAN region.
  • Promoting value-added services to existing customer base from public and private sector.
  • Constant enhancement to the customers' facing platform and systems.