XOXNET 0140 Share Price

Our Group recorded a LAT of RM12.3 million for FYE 30 June 2023 as compared to LAT of RM5.7 million for FYE 30 June 2022. The higher LAT in FYE 30 June 2023 was mainly due to lower GP and higher administrative expenses such as bad debts written off during the current financial year. As people are becoming more comfortable to attend physical events and more international performers and artistes are able to travel to Malaysia, we plan to redirect our focus to organising physical events. This will help us to capture more revenue from physical events and festivals in the near term

Our Group recorded a LAT of RM5.7 million for FYE 30 June 2022 as compared to LAT of RM9.2 million for FYE 30 June 2021. The lower LAT in FYE 30 June 2022 was mainly due to higher GP and lower administrative expenses during the current financial year. Moving forward, our Group intends to expand our event management business following the relaxation of movement containment measures and reopening of all major economic sectors

The Group’s lower revenue was mainly contributed by a lower revenue recorded in the ICT sector while the loss after taxation for Q3 FY2022 has decreased 67% compared to Q2 FY2022 due to a written off of property, plant and equipment recorded in Q2 FY2022.

For Q2 FY2022, the Group recorded a revenue of RM12.38 million, representing an increase of 123% compared to the first quarter ended 30 September 2021. The Group’s higher revenue was mainly contributed by a higher revenue recorded in the ICT sector while the loss after taxation for Q2 FY2022 has increased 252% compared to Q1 FY2022 due to a written off of property, plant and equipment recorded during the period under review.

Macpie Bhd, which is acquiring a 35% stake in Techninier Sdn Bhd, said the target company has signed an agreement concerning deployment of services to eSukan.gg, a government linked e-sports portal.

Macpie Bhd has inked a heads of agreement (HOA) to acquire up to 35% stake in Techninier Sdn Bhd, a software and mobile game development company. In a statement with Bursa Malaysia today, Macpie, which engages in event management and communication products distribution businesses, said the proposed acquisition would strengthen its digital and e-sports events business.

Macpie Bhd, which has received an unusual market activity query from Bursa Malaysia today following a recent spike in its share price, says its largest shareholder has exited the company after disposing of a 24.54% stake in the company on Friday (Sept 11). The group said it had received notifications from its executive director Ng Chee Heng and the latter’s private vehicle SEG Capital Intelligence Sdn Bhd that SEG Capital had disposed of 86.71 million Macpie shares via the open market. The shares were disposed of at 33 sen apiece.

The Group recorded decrease in Revenue of RM2.3 million in 31 March 2020 as compare to 31 December 2019 was mainly attributed by Event segment due to sales were lower than anticipated demand.