5
Techno
Dex
Berhad
(627634-A)
ANNUAL REPORT 2016
DEAR VALUED SHAREHOLDERS,
On behalf of the Board of Directors (“Board”) of TechnoDex Berhad (“TDEX” or “the Company”), I am pleased to
present to you the 2016 Annual Report incorporating the Consolidated Audited Financial Statements of the Company
and its subsidiaries (“the Group”) for the financial year ended 30 April 2016 (“FYE 2016”)
PERFORMANCE REVIEW
The Group continued to perform commendably and maintained its position as one of the leading player in application
development service, support & maintenance service, manpower outsourcing service, and technology licensing
(eCommerce) amid continuing uncertainties surrounding the economic environment. Despite the challenging business
environment in FYE 2016, the Group has achieved revenue of RM 23.973 million, representing a 19% growth as
compared to RM 20.164 million in the previous financial year ended 30 April 2015 (“FYE 2015”).
The increase in revenue was attributed to the consolidation of revenues generated from support & maintenance
service, manpower outsourcing service, and technology licensing (eCommerce) segments, which remained as the key
revenue contributors to the Group.
Following the growth in revenue, the Group’s Profit Before Tax (“PBT”) for the financial year surged by 202% to RM
2.324 million as compared to RM 0.770 million in the FYE 2015. The improvement in the PBT was attributed to the
addition of new revenue portfolio that brought higher profit margin and the improvement of operation efficiency.
I look forward to achieving greater success together over the coming years as we chart the Group’s course for new
development.
OPERATIONAL REVIEW
The financial performance achieved in FYE 2016 was primarily driven by the addition of new income streams via new
business ventures. Among the new income streams, they are manpower outsourcing and eCommerce technology
licensing, totaling up to 64.6% of total revenue.
In the manpower sourcing segment, the increased spending in existing clients that contributed 50% of the total
revenue valued at RM 12.048 million. The team managed to achieve cost advantage in source of manpower supply
via locally trained resources.
Whilst in the Hotel Reservation Platform licensing segment, the new venture has brought about 14.6% of the total
revenue valued at RM 3.5 million, which associated with a 50% in gross profits for the Group.
The balance of the 34.4% in revenue valued at RM 8.176 million came from the traditional application support &
maintenance services. However, the Group anticipates organic growth within this revenue segment as the contraction
Government spending.
The Group achieved cost efficiency in the overall operation control, coupled with the introduction of technological
advancement in the operation structure has improved operation efficiency.
In short, the Group will continue tomaximize the technological advancement to further improve the financial performance
of the Group.
CHAIRMAN’S
STATEMENT
