Comparison with immediate preceding quarter’s results
The Group recorded a higher revenue of RM16.18 million during the quarter under review as compared to RM12.53 million recorded in the immediate preceding quarter ended 31 March 2023. This was mainly due to increase in new orders from managed IT services and trading of ancillary hardware and software segments in the current quarter under review.
In tandem with the higher revenue recognised during the current quarter under review, the Group also recorded higher administrative expenses compared to the immediate preceding quarter ended 31 March 2023 following the Group’s continuous business expansion.
Consequently, the Group reported a higher profit before tax of RM3.97 million during the current quarter ended 30 June 2023 as compared to RM3.08 million in the preceding quarter ended 31 March 2023.
The outlook for the IT infrastructure and cybersecurity sector remains robust due to demand for IT solutions to support the digital transformations initiative of organisations.
The Group’s customer base in the People’s Republic of China (“PRC”) has expanded beyond Shenzhen (where the Group is based in in the PRC) to other parts of PRC such as Beijing, Shanghai and Fujian. In addition, the Group has also secured new projects from new customers in Asia Pacific countries including India, Singapore and Japan.
Looking ahead, the Board remains optimistic about the prospects of the industry and the Group. The Board is confident in the management’s ability to take advantage of the promising market possibilities by leveraging on our established track record and the strong technical capabilities of our team to continue thriving and creating greater performance and added value for all our stakeholders.
Barring any unforeseen circumstances, the Group expects to continue to register growth in its sales, market share and profitability.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....