Freshly listed, Agmo Holdings raked in a revenue of RM6.03 million for its second quarter financial results for the three months ended 30 September 2022 (“Q2FY23”), contributed mainly by the mobile and web applications development segment.
For the quarter under review, the Group’s profit before tax stood at RM2.25 million, while its profit after tax came in at RM2.20 million.
There are no comparative figures for the preceding corresponding period as Agmo was listed on the ACE Market of Bursa Malaysia Securities Berhad on 18 August 2022 and, as such, interim financial report for the comparative financial period concerned was not prepared.
Agmo’s revenue grew RM0.38 million, or 6.8%, from RM5.65 million recorded in the immediate preceding quarter ended 30 June 2022 (“Q1FY23”). This was mainly due to higher contribution from the mobile and web applications development segment, offset by softness in revenue from the provision of subscription, hosting, technical support and maintenance services segment, as well as the provision of digital platform-based services segment. The Group’s PAT was relatively unchanged at RM2.20 million for Q2FY23 as compared to Q1FY23.
For its segmental review, the Group’s revenue for Q2FY23 from the mobile and web applications development segment stood at RM4.98 million, or about 82.6% of the total revenue, with the segment’s profit coming in at RM2.59 million for Q2FY23.
Meanwhile, revenue contribution from the provision of subscription, hosting, technical support and maintenance services segment stood at RM0.85 million (14.0%), with a profit of RM0.42 million for Q2FY23. The Group’s provision of digital platform-based services segment, on the other hand, contributed RM0.20 million (3.4%) to the Group’s revenue, with a profit of RM0.13 million for the quarter under review.
Geographically, the Malaysian market remained as the Group’s primary revenue contributor at RM5.13 million, or 85.1% of the total revenue for Q2FY23, while Thailand, Hong Kong and Singapore were the major revenue contributors from the overseas market, with contributions of approximately RM0.42 million, RM0.30 million and RM0.18 million, respectively.
For the six-month period ended 30 September 2022 (“6MFY23”), Agmo posted a revenue of RM11.68 million, while its PBT and PAT stood at RM4.57 million and RM4.39 million, respectively.
