KUALA LUMPUR: Information technology firm ARB Bhd, formerly known as ATURMAJU RESOURCES BHD posted a net profit of RM12.8mil in the last quarter ended Dec 31, 2019.
This boosted its full year earnings to RM34.77mil, or 12 sen a share.
The company, in a filing with Bursa Malaysia today, said its improved results in the last quarter was driven by its IT business.
The group's timber business has ceased operations during the quarter under review.
"For IT segment, the wholly-owned subsidiary ARB Development Sdn Bhd. has entered a joint venture agreement in fourth quarter of 2019 which is expected to contribute positive future earnings for the group," it said.
ARB is principally involved in reselling of customised enterprise resource planning (ERP) software system, and Internet of Things, internet and multimedia development, as well as consultancy services.
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