REVIEW The acquisition of an additional 60 per cent in Ping in June 2021 as well as our strategic acquisition of a 60 per cent stake in semiconductor wafer manufacturer SilTerra in the following month has kickstarted a period of immense revenue growth for the Group. Comparing our performance over the past 12 months to our 18-month performance in the previous financial calendar, we more than tripled our revenue and profit in FY2022. These results are the consequence of a transformation strategy that the Group began undertaking in FY2020/2021, whereby we restructured and realigned our priorities in order to focus on industry segments that were high-performing and offered the best potential for long-term growth. The success of our approach is reflected in the fact that our most recent investments have become the best performing assets of the Group. GROUP FINANCIAL PERFORMANCE OVERVIEW While our Information Technology division has historically been the highest contributor to the Group’s revenue, our new Technology segment that was formed after our acquisition of SilTerra has leapfrogged into becoming our largest revenue generator with a 59 per cent share. Similarly, our additional stake in Ping has seen our Energy Division increase its revenue by 290 per cent and contribute a total of 27 per cent to overall revenue. Strategic streamlining and divesting of non-performing assets in our IT Division resulted in a drop in divisional revenue but has allowed the Group to focus attention on our profitable services, namely trade facilitation as well as technology consulting and system integration ("Tech Consulting & SI”). Our successful financial performance in FY2022 has placed us on the right trajectory to achieve our objectives and strategy moving forward, and we will continue to transform and reinvent ourselves as we push for sustainable growth across the Group. Information Technology Energy 18M 2021 69% RM227.9 mil 31% RM102.6 mil FY2022 Information Technology Energy Technology 59% RM857.7 mil 14% RM199.8 mil 27% RM399.9 mil 65 DNeX INTEGRATED REPORT 2022
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