business

DNeX's 1H net profit rises 51 pct to RM40.3 mil

Kuala Lumpur: Dagang NeXchange Bhd’s (DNeX) net profit in the second-quarter (Q2) ended June 2018, rose 1.93 per cent to RM12.16 million from RM11.93 million previously.

In an exchange filing today, the company’s Q2 revenue grew 4.22 per cent to RM51.2 million from RM49.1 million.

For first-half (1H) of 2018, DNeX’s net profit increased 51 per cent to RM40.3 million from RM26.7 million in the same period a year ago.

Its 1H revenue revenue rose 32 per cent to RM122.3 million from RM92.9 million a year ago due to contribution from its IT & e-Services and energy divisions.

The group said it would remain focus on effective execution of its planned initiatives and explore new opportunities by leveraging on existing business.

 

 

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