IFCA profit jumps to RM9.7mil in the first quarter

PETALING JAYA: Software and IT systems firm IFCA MSC Bhd’s net profit jumped to RM9.7mil for its first quarter ended March 31, compared with a net profit of RM421,000 for the same period last year, following a strong billing quarter for software implementation.

The company, whose share price has gone up more than 14-fold in the past year, also said yesterday that it had entered into a heads of agreement with Indonesian firm PT IFCA Consulting Indonesia (PICI) to acquire its business for RM32mil.