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EFORCE’s revenue increased from RM5.3mil to RM7mil (31% growth) and profit before tax rose from RM1.8mil to RM3.4mil (86% growth). No borrowing from bank as at Jun 2020. Overall, satisfactory financial performance as at Q2Y2020 with cash and cash equivalents at RM17.6mil and positive operating cash flow.
According to the quarterly report, company’s ASP segment growth followed by high daily trading volume and value in Bursa .
Hence, they will continue actively engaging with their customers to increase system capacity and capability to meet the big increase in volume.