Kronologi 1Q net profit narrows


The hybrid and cloud enterprise data management technology and solutions provider’s revenue eased 2.5% y-o-y to RM57.33mil in the period, it said in a statement. (File pic: Some Kronologi products.)

PETALING JAYA: Kronologi Asia Bhd’s net profit fell 44.92% year-on-year (y-o-y) to RM2.21mil in its first quarter ended April 30, 2022 as it incurred higher operational costs due to the consolidation of Quantum China’s operations and higher marginal tax rate during the quarter under review.

The hybrid and cloud enterprise data management technology and solutions provider’s revenue eased 2.5% y-o-y to RM57.33mil in the period, it said in a statement.

Kronologi’s enterprise data management (EDM) infrastructure technology segment contributed 76.09% or RM43.62mil of revenue, with the balance contributed by EDM As-A-Service.

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