Infomina announced its third-quarter financial results recording revenue of RM109.7 million and a profit before tax of RM27 million while net earnings were RM22.7 million
Revenue for the quarter was mainly contributed by the Group’s technology infrastructure operations, maintenance, and support services segment which made up RM87.28 million or 80.0% 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 Group’s key markets (Malaysia, Thailand and Philippines) and the region.
Notably, the outperformance of this segment was largely driven by a myriad of factors, namely; an upwards revision of rates for existing customers, overage fee charged to customers due to higher-than-expected utilization, and new contracts which were effective in this quarter.
During the current year-to-date ended 28 February 2023 the Group recorded revenue of RM193.7 million and a PBT of RM39.0 million.
Revenue for the 9MFY2023 was mainly attributed to the Group’s technology infrastructure operations, maintenance, and support services segment which contributed RM144.5 million or 74.6% 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 Group’s key markets (Malaysia, Thailand, and Philippines) and the region.
Looking ahead, performance will be driven by an outstanding orderbook of about RM500.2 million comprising 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.”
