According to the Zhitong Finance App, MINDTELL TECH (08611) announced results for the year ended November 30, 2022, with earnings of RM124.67 million, a decrease of 27.42% over the previous year; net loss of RM6.636 million, up 7.48% year on year; and loss of RM1.73 per share.
According to the announcement, the decrease in revenue was mainly due to a decrease in revenue from system integration and development services and IT outsourcing services. The increase in losses was mainly due to increased administrative expenses.