[DAGANG NEXCHANGE BHD, fighting for growth]

In the preceding year, there was a one-off share of pre-acquisition gain of excess fair value of RM88.9m resulted from the completion of acquisition in PING Petroleum Limited. FY2017 profit before tax was RM67m, FY2016 was RM46m, YoY+45%. FY2017 revenue grew to RM204m, FY2016 was RM178m, YoY+14%. The overall higher revenue was mainly contributed by Energy segment, namely full consolidation of OGPC's result (included the partial recognition of revenue from PCS contract) and progressive billing of oilfield drilling services under the umbrella contract to PETRONAS Carigali Sdn Bhd. The IT segment revenue was mainly attributable to the recurring income from the VEP & RC operations & maintenance services, trade facilitation and B2B business, includes with the revenue from e-Work permit. On balance sheet, cash was RM52m, total borrowing was RM19m, in a net cash position.