and also Rofarez

Revenue for the current quarter under review has increased as compared to the
corresponding quarter of the previous financial year. This is mainly due to the increase in
revenue from its CyberSecurity segment and the addition of the e-Logistics segment during
the said period.
The decrease in profit after tax for the current quarter under review is mainly due to:
(a)
the final payment of professional fees of approximately RM105,000 incurred in relation
to the Rofarez Transaction and Postlink Transaction;
(b)
additional selling and distribution expenses incurred to widen and strengthen the
Group’s market position in the business segment of e-business solutions and
CyberSecurity;
(c)
higher administrative and employees related costs incurred during the said period; and
(d)
losses registered by SysCode during the period following a restructuring of its
operational structure after the completion of the Rofarez Transaction on 31 July 2017.

eview of Performance
The Group recorded RM4.818 million of revenue and a profit after taxation of RM0.247
million in the current quarter under review and the recorded revenue was contributed by
the following five (5) direct and indirect subsidiaries with business operation:
(i)
Syscatech Sdn Bhd (“
Syscatech
”), which is principally involved in the design, research
and development, customisation and implementation of its proprietary software
solutions to the members’ centric industry such as the direct selling industry and retail
industry;
(ii)
Mobysys Sdn Bhd (“
Mobysys
”), which is principally involved in the development of
franchise software system, which is designed for the operational and management
needs for organisations operating with franchise business models;
(iii)
SysCode, which is principally involved in the development and research and
development of cloud-based software solutions. (The software solutions provided by
Syscatech, Mobysys and SysCode are to be referred to as “
e-business solutions
”);
(iv)
SysArmy Sdn Bhd and its subsidiary, PT SysArmy Indocyber Security (“
SysArmy
”),
which is principally involved in Big Data Analytics and related applications focusing on
cyber security services, managed security network monitoring system and other cyber
security related products and advisory work (the applications and services provided by
SysArmy are to be referred to as “
CyberSecurity
”); and
(v)
Postlink, which is principally involved in the business of annual report and publication
mailing in Singapore and the development of a new initiative in providing digitised
annual report in a dynamic format (the services provided by Postlink are to be referred
to as “
e-Logistics
”).
Demand for the Group’s solutions are driven by the general economic conditions in general.
We expect revenue from e-business solutions and CyberSecurity to continue to grow.