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Quarterly Report For The Financial Period Ended 31 March 2018

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Unaudited Condensed Consolidated Statement Of Comprehensive Income
For The Year Ended 31 March 2018

Unaudited Condensed Consolidated Income Statement

Income Statement
Condensed Consolidated Statement Of Financial Position
For The Year Ended 31 March 2018
Financial Position
Review Of Performance

The Group recorded a loss of RM192,000 for the period ended 31 March 2018. A decrease by RM2,439,000 from a profit of RM2,247,000 for the period ended 31 March 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 31 March 2018 is RM68,614,000 as compared to RM114,283,000 for the financial period ended 31 March 2017.

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 31 March 2018 is RM5,785,000 as compared to RM6,142,000 for the financial period ended 31 March 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 31 March 2018 is RM9,508,000 as compared to RM13,436,000 for the financial period ended 31 March 2017.

Commentary On Prospects

Malaysia's strong growth performance in 2017 was expected to be sustained through 2018, amid more broadbased, entrenched and synchronised global economic expansion. Headline inflation was expected to average lower in 2018, on expectations of a smaller effect from global cost factors, while a stronger ringgit exchange rate compared to 2017 would mitigate import costs. (Source : Bank Negara Malaysia published on 17 May 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 Middle East and ASEAN.

Bulk mailing outsourcing services

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