Sedania Q1 net profit falls to RM23,000


KUALA LUMPUR: Sedania Innovator Bhd reported a lower net profit of RM23,000 for the first quarter (Q1) ended March 31, 2018, compared with RM493,000 in the previous year’s corresponding period.

In a filing with Bursa Malaysia yesterday, the technology company also announced that Q1 revenue fell to RM5.86mil from RM6.68mil previously, mainly attributed to lower revenue contributions from its airtime sharing platform and green technology (greentech) solutions segments.

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