Monday 15 Jul 2024
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KUALA LUMPUR (April 13): Infomina Bhd announced a net profit of RM22.72 million or 3.78 sen per share for its third quarter ended Feb 28, 2023, on revenue of  RM109.73 million.

As the company was only listed on the ACE Market of Bursa Securities on Nov 25 last year, there are no comparative figures for the preceding corresponding quarter, said the technology solutions provider in a bourse filing.

It said 80% or RM87.8 million of its quarterly revenue was contributed by the technology infrastructure operations, maintenance, and support services segment, which benefited from an increase in rates for customers, overage fee charged to customers due to higher-than-expected utilisation, and new contracts which were effective in this quarter.  

For the first nine months of FY2023, Infomina posted a net profit of RM32.51 million or 5.93 sen per share, on revenue of RM193.72 million.

“The significant growth in our revenue and earnings was driven by an increasingly strong performance from our technology infrastructure operations, maintenance, and support services segment from our contracts in the Philippines and Thailand,” said Informina managing director Yee Chee Meng in a statement.

He added: “Looking ahead, our performance will be driven by an outstanding orderbook of about RM500.2 million comprising a well-diversified portfolio of over 60 active clients across multiple industries and geographical locations including Malaysia, Singapore, Thailand, Philippines, Indonesia, Hong Kong, China and Taiwan."

Infomina's share price closed five sen or 3.01% lower at RM1.61 on Thursday (April 13), valuing the company at RM968.01 million.

Edited ByS Kanagaraju
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