KUALA LUMPUR (Aug 30): Investment holdings company Sedania Innovator Bhd (KL:SEDANIA) registered a revenue of RM78.3 million for its unaudited 18-month financial period ended June 30, 2024 (18MFY2024).

At the close of its sixth quarter, the updated total revenue reflected a notable increase from the RM38.35 million reported in its FY2022 financial statement.

The group reported a loss before tax of RM570,000 for FY2024, attributed to a one-off impairment for its latest venture into the sustainable energy segment.

No dividend was declared for the quarter under review.

“Our current quarter’s performance reflects our deliberate and strategic decision to recalibrate our sustainable energy segment.

“This move is essential for laying a strong foundation for our future growth,” its chairman Tan Sri Abdul Halim Ali said in a statement.

Meanwhile, referring to the group’s performance while undergoing transformation, Sedania managing director Datuk Azrin Mohd Noor said, “The group demonstrated improving topline operational performance with upward revenue trajectory.

“Looking ahead, our focused strategies in sustainable FMCG (fast-moving consumer goods) and consumer tech will drive our top- and bottom-line growth.”

During its transformation period, the group experienced accelerated performance growth, underpinned by a stable and resilient revenue foundation from its diversified consumer-based business model.

Over the 18-month period, its fintech subsidiary Sedania As Salam Capital Sdn Bhd facilitated Shariah-compliant commodity murabahah transactions with an estimated value of over RM100 billion.

As of June 30, 2024, the As-Sidq Tawarruq platform supports more than 95 financial service institutions in conducting Shariah-compliant digital commodity trading transactions.

Additionally, on Aug 16, the group signed a collaborative partnership with Hong Leong Islamic Bank Bhd set to offer financing on the group’s digital JOMHIBAH platform.