EXCEL FORCE MSC BERHAD Annual Report 2017

8 EXCEL FORCE MSC BERHAD (570777-X) ANNUAL REPORT 2017 Performance The Group registered revenue of RM22.9 million in 2017, an increase of 2% or RM0.4 million compared to the previous financial year. Profit before tax (PBT) was RM8.1 million, higher by RM1.1 million or 16% compared to last financial year. The increase in PBT was mainly attributed to the disposal of loss making subsidiaries in 2016 and revenue growth in 2017. The profit after tax (PAT) for FYE 2017 stood at RM6.3 million, an increase of RM0.9 million over 2016. Prospect We are in the business of providing complete share trading system solutions to stockbroking companies and investment banks. The Malaysian stock market is poised for greater growth through innovative initiatives like Malaysia-Singapore trading link announced this year that will benefit investors on both sides of the causeway. It will help expand the participation and deepen liquidity at the exchanges. EForce is well placed to capitalise on this growth as more than 50% of current Bursa Malaysia trading volume flows through the system we built. We have plans to strengthen our technology capability and focus on growing this core business segment further. To this end, we have allocated sufficient research and development resources to ensure our solutions are secure, fast and user friendly. Dividend In appreciation of our shareholders’ continued support, the Board has declared and paid a single tier interim dividend of 2.5 sen per ordinary share in FYE 2017. Appreciation and Acknowledgement The Board wishes to express its appreciation to our valued customers, suppliers, business partners, financiers, government agencies and regulatory authorities for their continued support and confidence in EForce. Thank you and well done to our management and staff for their contribution to the Group. Lastly, my sincere appreciation to my fellow Board members for their commitment, guidance and invaluable advice to enable the Board to properly discharge their fiduciary duties to the best of their ability. Dato’ Dr. Norraesah Binti Haji Mohamad Executive Chairman Chairman’s Statement Dear Shareholders, On behalf of the Board of Directors, it is my pleasure to present the annual report of Excel Force MSC Berhad (“EForce” or “the Group”) for the financial year ended 31 December 2017 (FYE 2017”)