AKN Messaging Technologies (AKN Mtech) hopes to stay profitable this financial year despite the restrictive operating guidelines on subscription-based services, said managing director Lim Seng Boon.
Its net profit plunged 91% to RM1.5mil for the financial year ended June 30 last year, which it attributed to guidelines introduced by the Malaysian Communications and Multimedia Commission (MCMC). Revenue was RM30.8mil, down 27.2% from RM42.3mil earlier.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
