KUALA LUMPUR: Infomina Bhd posted a net profit of RM22.72 million in the third quarter (Q3) ended February 28, 2023.
The company recorded revenue of RM109.7 million and a pre-tax profit of RM26.8 million.
"Revenue for the quarter was mainly contributed by the technology infrastructure operations, maintenance, and support services segment which made up RM87.28 million or 80 per cent of total revenue," it said.
For the nine months, the company registered a net profit of RM32.51 million on a revenue of RM193.7 million.
Revenue for the period was mainly attributed to its technology infrastructure operations, maintenance, and support services segment which contributed RM144.5 million or 74.6 per cent of total revenue.
"This segment mainly consists of revenue recognised from contracts for the provision of technology infrastructure solutions for financial services institutions and government agencies in the company's key markets (Malaysia, Thailand and Philippines) and the region," it said.
Managing director Yee Chee Meng said the significant growth in revenue and earnings was driven by an increasingly strong performance from its technology infrastructure operations, maintenance, and support services segment from its contracts in the Philippines and Thailand.
Yee said this was largely due to a few factors such as higher-than-expected volumes from our customers which led to an overage fee, an increase in rates for existing customers and new contracts that came on-stream in the current quarter.
"Looking ahead, our performance will be driven by an outstanding orderbook of about RM500.2 million consisting of 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," he added.