Quarterly Result

Quarterly Report For The Financial Period Ended 30 June 2024

Financials Archive

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Unaudited Condensed Consolidated Statements Of Profit Or Loss And Other Comprehensive Income
For The Quarter Ended 30 June 2024

Unaudited Condensed Consolidated Statement Of Financial Position As At 30 June 2024

Operating Segments Review

Comparison With Immediate Preceding Quarter's Results

Prospects For The Financial Year Ending 30 June 2024

With the profit before taxation of RM0.05 million in Q4 FY2024, the Group achieved a profit before taxation of RM3.7 million in FY2024, demonstrating a significant turnaround from the RM6.3 million loss recorded in FY2023. The Group's profit in FY2024 was driven by the strong performances in both Software & Services and Talent segments. This achievement underscores the continuous advancements resulting from our ongoing transformation plan formulated in 2021, centered around our key offerings of Cloud-Based Software Solutions, Platform as a Service, Infrastructure as a Service, Talent as a Service, and System Integration.

Our Software & Services segment has established a strong presence and position as the premier partner with MSP status for Google Cloud in Malaysia under the Government's Cloud Framework Agreement (CFA) to help drive the government's digital transformation plan. To provide a wider spectrum of Cloud solutions and services, we have developed our capabilities in analytics, cloud migration, big data, artificial intelligence and business transformation via ERP to drive future growth.

With the upliftment of the Affected Listed Issuer status by Bursa and the significant progress achieved in FY2024, the Board and Management are confident and optimistic of the Group's FY2025 outlook. We remain focused on strengthening our synergistic offerings in driving value and growth for the Group.