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Mindtell tech releases its mid-term performance report, with a surplus of 0.187 million ringgit during the period, reversing its loss from the same period last year.
Mindtell tech (08611) has released its six-month performance results ending on May 31, 2024. The group achieved revenue of 9.208 million Malaysian Ringgit, an increase of 40.71% year-on-year. During this period, the company had a net profit of 0.187 million Malaysian Ringgit, compared to a loss of 4.233 million Malaysian Ringgit in the same period last year, and the earnings per share were 0.05 Malaysian Ringgit. According to the announcement, the increase in revenue was mainly due to the increased revenue from system integration and development services, maintenance, and consulting services.
Mindtell Tech (08611) released its mid-term performance, with a net profit of 0.187 million Malaysian ringgit during the period, reversing the loss into profit year-on-year.
Mindtell tech (08611) released its six-month performance report ending on May 31, 2024.
MINDTELL TECH: 2024 INTERIM REPORT
MINDTELL TECH: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 31 MAY 2024
MINDTELLTECH (08611.HK) Profit Alert: Expected to turn loss into profit in the mid-term and achieve a profit of 0.2 million Malaysian Ringgit.
On July 11th, Grong Hui announced that MINDTELLTECH (08611.HK), based on the preliminary review of the unaudited financial performance ("mid-term performance") for the six months ending on May 31, 2024, is expected to record a surplus of approximately MYR 0.2 million, while for the six months ending on May 31, 2023, it is expected to record a loss of approximately MYR 4.3 million. According to available information, the expected surplus is mainly due to increased revenue and reduced administrative expenses.
MINDTELL TECH: POSITIVE PROFIT ALERT
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