KUALA LUMPUR: Infomina Bhd, a regional technology solutions provider, recorded a net profit of RM10.4 million and revenue of RM57.5 million for the fourth quarter (Q4) ended May 31 2023 (FY23).
Managing director Yee Chee Meng said revenue for the quarter was mainly contributed by the company's technology infrastructure operations, maintenance, and support services segment, which made up RM42.1 million or 73.3 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 in the Philippines and Thailand," he said in a statement today.
For FY23, the company recorded revenue of RM251.3 million and a profit before tax of RM49.4 million.
Revenue for FY23 was mainly attributed to the company's technology infrastructure operations, maintenance, and support services segment, which contributed RM186.7 million or 74.3 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 in the company's key markets (Thailand and Philippines) and the region," he added.
As of May 31, 2023, the company's balance sheet remained robust, sporting a net cash position of RM79.8 million, whilst the current ratio stood at an impressive 1.6x.
Total debt amounted to a minimal RM3.3 million against shareholders' funds of RM114.3 million.
"The significant growth was possible due to an increasingly strong performance from our technology infrastructure operations, maintenance, and support services segment as we carried out key contracts in the Philippines and Thailand," Yee said.
"FY23 has truly been an eventful year for the company as we completed our initial public offering (IPO) on the ACE Market of Bursa Malaysia, our overseas markets such as the Philippines and Thailand flourished, we won our maiden contract in Indonesia, we continued to grow our orderbook and also delivered record earnings," Yee said.
Looking ahead, he said the performance would be driven by an outstanding orderbook of approximately RM450 million comprising a well-diversified portfolio of over 60 active clients across multiple industries and geographical locations, including Malaysia, Singapore, Thailand, the Philippines, Indonesia, Hong Kong, China and Taiwan.
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