Thursday 17 Sep 2026
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KUALA LUMPUR (July 31): Systech Bhd's (KL:SYSTECH) external auditor has given a qualified opinion on the digital transformation and automation group’s financial statements for the financial year ended March 31, 2026 (FY2026).

Forvis Mazars PLT, in its report, said it was unable to verify whether the financial performance and cash flows of Systech’s former 51%-owned Singaporean subsidiary, Postlink Pte Ltd, were accurately reflected from the start of the financial year on April 1, 2025 until the subsidiary's disposal.

The independent audit report was filed with Bursa Malaysia on Friday by Systech.

Forvis Mazars said that it was denied access to Postlink’s auditor, and as a result was unable to determine whether any adjustments in the revenue, expenses and cash flows of Postlink, and the related loss on disposal, were necessary.

As at end FY2026, Systech recorded a loss on disposal of RM2.35 million.

The group’s net loss narrowed sharply to RM154,000 from RM7.76 million in the previous year due to improved profit margins, while revenue surged eight-fold to RM335.26 million from RM41.84 million a year ago.

As at the market close on Friday, Systech shares were unchanged at 17.5 sen, valuing the group at RM124 million.

Edited ByS Kanagaraju
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