ACE Marke bound, Agmo Holdings Berhad recorded revenue of RM5.65 million for its first quarter ended 30 June 2022, subsequently, both Profit Before Tax and Profit After Tax were recorded at RM2.31 million and RM2.19 million respectively.
In its financial report, the technology company stated the development of mobile and web applications segment was the largest contributor to the revenue, at RM4.19 million or 74.06% of the total revenue. While both the provision of digital platform-based services segment and the provision of subscription, hosting, technical support, and maintenance services segment contributed RM0.41 million or 7.23% and RM1.56 million or 27.53% to the total revenue respectively.
The management expressed: “The mobile and web applications development industry in Malaysia and Southeast Asia, as a whole, are expected to continue on a strong growth trajectory, driven by the increasing number of businesses digitalising their operations in order to remain competitive.
This is further strengthened by the initiatives launched by the Government of Malaysia to drive digital investments in Malaysia and to accelerate the growth of the country’s digital economy.
The Group expects these opportunities, along with the Group’s expansion plans through the utilisation of IPO proceeds and existing order book which will be fulfilled in the near term, to contribute positively to the Group’s financial performance for the financial year ending 31 March 2023.
