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Quarterly Report For The Financial Period Ended 30 June 2017

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Unaudited Condensed Consolidated Statement Of Comprehensive Income
For The Year Ended 30 June 2017

Unaudited Condensed Consolidated Income Statement

Income Statement
Condensed Consolidated Statement Of Financial Position
For The Year Ended 30 June 2017
Financial Position
Review Of Performance

The Group recorded a profit of RM4,520,000 for the period ended 30 June 2017. An increase by RM3,946,000 from a profit of RM574,000 for the period ended 30 June 2016.

The increase is mainly due to better profit margin contributed from IT business segments for financial period 2017.

IT related products and services

The revenue for the financial period ended 30 June 2017 is RM205,489,000 as compared to RM130,148,000 for the financial period ended 30 June 2016.

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 period ended 30 June 2017 is RM11,509,000 as compared to RM16,420,000 for the financial period ended 30 June 2016.

The segment's result has decreased from a profit after taxation of RM710,000 for the financial period ended 30 June 2016 to loss after taxation of RM1,774,000 for the financial period ended 30 June 2017.

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 June 2017 is RM17,508,000 as compared to RM7,504,000 for the financial period ended 30 June 2016.

The segment's result has decreased from a profit after taxation RM1,221,000 for the financial period ended 30 June 2016 to loss after taxation of RM573,000 for the financial period ended 30 June 2017.

Comparison With Preceding Quarter's Results

The Group recorded revenue of RM100,645,000 for the current quarter ended 30 June 2017, a decrease of RM33,216,000 compared to RM133,861,000 in the preceding quarter ended 31 March 2017.

The Group recorded profit before taxation of RM3,115,000 for the current quarter ended 30 June 2017, a decrease of RM677,000 compared to profit before taxation of RM3,792,000 for the preceding quarter ended 31 March 2017.

The Group recorded profit after taxation of RM2,273,000 for the current quarter ended 30 June 2017, an increase of RM26,000 compared to profit after taxation of RM2,247,000 for the preceding quarter ended 31 March 2017.

Commentary On Prospects

By mid-year, there was firmer indication that the Malaysian economy would register higher growth in 2017. The global economy continued to strengthen, with more synchronised growth across economies driven by sustained private consumption growth. This stronger domestic and global demand conditions, together with improved sentiments, are supporting a more favourable investment outlook globally (Source : Bank Negara Malaysia published on 18 August 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.