Mi Technovation revenue up in 3Q

PETALING JAYA: MI Technovation Bhd remains positive about fulfilling its long-term business strategy to strengthen its position as a comprehensive solutions provider.

For its third quarter ended Sept 30, 2023, the company’s net profit dropped to RM14.16mil from RM20.25mil in the previous corresponding period.

This is mainly due to a RM3.58mil withholding tax paid in relation to the dividend received from its Taiwan subsidiary during the quarter.

Meanwhile, revenue grew to RM98.45mil from RM89.66mil a year earlier.