AwanBiru Technology Berhad saw its third quarter profit growth jump 165% compared to its immediate preceding quarter result. The Group recorded a profit before taxation of RM2.3 million in Q3 FY2024 as compared to a profit before taxation of RM0.9 million in Q2 FY2024.
The group said it was primarily attributed to the Software and Services segment securing major contracts with higher revenue in the current quarter. As such, revenue for the reporting quarter surged 359% from RM12.2 million in Q2 FY2024 to RM55.8 million in Q3 FY2024.
For the cumulative nine months or YTD Q3 FY2024, the Group achieved a profit after taxation of RM3.1 million, marking a notable turnaround from the RM6.4 million loss in the corresponding period last year. This is the fourth consecutive quarterly profit after taxation attained, building from the previous results of Q4 FY2023, Q1 FY2024 and Q2 FY2024.
