PETALING JAYA: Sedania Innovator Bhd
will continue to diligently monitor and reassess its financial position, taking prompt and appropriate actions to mitigate any negative impacts.
For the fourth quarter ended Dec 31, 2023, Sedania reported a net profit of RM1.35mil compared with a net loss of RM356,000 in the previous corresponding period.
Revenue in the fourth quarter jumped 86% to RM14.97mil from RM8.07mil a year earlier, largely driven by the group’s sustainable healthcare and fintech segments.
Basic earnings per share stood at 0.38 sen versus a loss per share of 0.10 sen previously.
For the 12 months ended Dec 31, Sedania’s net profit witnessed an extraordinary leap of more than 560% to RM5.12mil compared to RM768,000 in the same period last year.
The group has changed its financial year to June 30 from Dec 31 December. Consequently, the current financial year will commence from Jan 1, 2023, to June 30, 2024, spanning 18 months.
“We are pleased that the group is charting another remarkable year in 2023, bolstering our status as a leading consumer driven sustainability player.
“With a new strategic value proposition aimed at maximising every household’s wallet-share through our synergistic product offerings, we remain confident in maintaining our profitability, with significant contributions from the sustainable healthcare and FinTech segments in 2024 and beyond,” founder and managing director Datuk Azrin Mohd Noor said in a statement.
