ARB IOT Group Ltd (OQ:ARBB)
Business Focus: Technology Consulting & Outsourcing Services
| Sector: Technology | Industry: IT Services & Consulting |
| Company Contact | |
| Address: | No. 17-03 Q Sentral, 2A, Jalan Stesen Sentral 2 Kuala Lumpur 018983 |
| Tel: | N/A |
| Website: | https://www.arbiotgroup.com |
| IR: | See website |
| Key People | ||
| Kok Leing Liew Chairman of the Board, Chief Executive Officer | Kok Wah Ng Chief Financial Officer Nominee, Director Nominee | Zi Shen Hong Chief Technology Officer Nominee |
| Business Overview |
| ARB IOT Group Limited is provider of complete solutions to its clients for the integration of Internet of Things (IoT) systems and devices from designing to project deployment. Its business line includes IoT Smart Home & Building, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution. IoT Smart Home & Building business designs and implements smart home and building solutions which integrates a range of electrical appliances, centralized control, and remote monitoring, accessible via mobile devices and Windows operating systems. IoT Smart Agriculture business offers services of supply, installation, commissioning and testing of smart hydroponic and farming systems which include IoT concept and functionality to the existing systems. IoT System Development business offers industrial building management systems on construction projects. IoT Gadget Distribution business support the marketing and sales of mobile gadget accessories by resellers and distributors. |
| Financial Overview |
| For the fiscal year ended 30 June 2023, ARB IOT Group Ltd revenues decreased 45% to RM242.1M. Net income decreased 62% to RM27.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Administrative expenses increase from RM10.2M to RM28.8M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from RM2.80 to RM1.05. |
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