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Yah, with e-Logistics out of the picture, the next quarter should give us a clearer picture of how the new management is really doing, business as usual. Hopefully, things will be more predictable and we can see some real momentum.
Systech is purposefully moving away from its older business lines to focus on high-growth technology segments. The company completed the sale of Postlink Pte Ltd, its e-Logistics arm in Singapore, marking a significant step in this transition.
However, the disposal resulted in a one-off accounting loss of RM2.1 million, which temporarily reduced overall net profit. In addition, Systech shifted its previously loss-making Cybersecurity Solutions segment into Discontinued Operations as part of its strategic restructuring.
Systech continuing operations is growing like mad. Revenue kena huge boost, quarterly income reach RM28.9 million, up 67% from last year same time. All this because they manage to get big new deals in the Corporate Solutions area. Overall, for the past 9 months, revenue also jump 80% to RM60.7 million
