Mesiniaga sees turnaround in 2021 after dismal 2020

KUALA LUMPUR: Mesiniaga Bhd fell deeper into the red for the financial year ended Dec 31, 2020, but the IT company is banking on the government's planned digital initiatives this year to boost its recovery in 2021.

Mesiniaga made a loss of RM3.9mil on revenue of RM58.5mil in the last quarter, For the full year, the company registered a net loss of RM9.3mil as sales declined to RM198mil.