[DAGANG NEXCHANGE BHD，新收购的Genaxis集团提供强大的基础，以扩展其服务及产品范围，超越其目前的市场及地域部门]
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[DAGANG NEXCHANGE BHD, newly acquired Genaxis Group has given a strong footing for the Group to broaden its services and product range beyond its current market and geographical segment]
The Group recorded higher revenue in current year quarter by 4.2% as compared to preceding year corresponding quarter. The increase in revenue was mainly due to post acquisition results from Genaxis Group, in addition to the recurring incomes from operating & managing the VEP & RC system and continued growth in the Group’s B2B and B2G businesses.
The Group’s trade facilitation remains strong, with expected annual growth of 5%, however the current quarter performance was affected by the new start up businesses. The Group share of results in an associate company has improved in tandem with the improving crude oil price in current quarter.
The Group recorded RM122.29 million in revenue for the current year-to-date as compared to the preceding year of RM92.93 million. The overall 32% higher revenue in the current year-to-date was mainly due to the consolidation of post acquisition results from Genaxis Group, in addition to continued growth in the Group’s B2B and B2G businesses. The IT segment’s recorded revenue of RM98.93 million was also attributable to the recurring income from the VEP & RC operations & maintenance services, trade facilitation and B2B business. The Group’s recurring revenue stream from Information Technology segment has continued to contribute to the Group’s profitability. The Group share of result in an associate company has improved in tandem with the improving crude oil price in current quarter.
The Group will continue to build its business by exploring opportunities that leverage on building blocks of its existing IT & eServices and Energy businesses, while focusing on the implementation of planned new initiatives. The Group’s newly acquired Genaxis Group has given a strong footing for the Group to broaden its services and product range beyond its current market and geographical segment. Barring any unforeseen circumstances, the Group expects to deliver positive results for the year 2018.
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