T7 Global Berhad announced it financial results for Q4 and full year, as for the quarter under review revenue increased 49.5% to RM250.8 million as compared to Q4FYE2022. The profit before tax and profit after tax and minority interest were RM24.0 million and RM14.4 million respectively, translated to a growth of 15.4% and 25.9%.
For FYE2023, the Group reported an increase of 61.5% and 66.2%, year on year, in revenue and PBT respectively, reaching RM586.2 million and RM56 million. The PATAMI recorded a 62.5% growth to RM33.1 million. The full year revenue and PATAMI are T7 Global’s all-time high.
The group is currently executing the Baggage Handling System Asset Replacement Program at Kuala Lumpur International Airport Terminal 1 and said the project is well within the second year of delivery. Further to that, T7 was also awarded a contract to supply smart meters to Tenaga Nasional Berhad as part of their Advanced Metering Infrastructure (AMI) programme.
