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dvm technology bhd (DVM) Details

Key Alliance Group Berhad, an investment holding company, operates in the information and communications technology industry primarily in Malaysia. The company provides communications systems integration and solutions, data network, data communications solutions, and business and operational support systems. It also offers business and operational support systems and services, and software development and business process outsourcing services; and distributes and provides information technology (IT) in relation to computer parts, software, and accessories. The company’s solutions include WAN and LAN switches with end point integrity; network management with comprehensive and real time monitoring; intelligent path management-server/WAN load balancer and bandwidth management; proactive filtering and enforcement; network security; wireless solutions; virtualization; and cloud and data centre infrastructure solutions. In addition, it offers IP PBX delivering voice, video, instant messaging, conferencing, file transfer, real time presence status, etc; and campus management system solutions, and i-procurement portal and supplier portal procurement solutions. Further, the company provides solution design and implementation; network and security consulting; network analysis and security audit; network infrastructure and security deployment; proactive maintenance and helpdesk support; IT infrastructure library; and IT outsourcing services. The company was formerly known as DVM Technology Berhad and changed its name to in Key Alliance Group Berhad in November 2014. Key Alliance Group Berhad is headquartered in Petaling Jaya, Malaysia.

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dvm technology bhd (DVM) Key Developments

Key Alliance Group Berhad Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Ended September 26, 2014

Key Alliance Group Berhad announced consolidated unaudited earnings results for the third quarter and nine ended September 26, 2014. For the quarter, the company reported revenue of MYR 19,038,000 against MYR 7,823,000 a year ago. The increase in revenue was driven mainly by the projects secured from the government sectors and approximately 29.19% of the revenue derives from the trading activities. Operating loss was MYR 1,025,000 against operating income of MYR 72,000 a year ago. Loss before tax was MYR 1,284,000 against profit before tax of MYR 52,000 a year ago. Loss attributable to equity holders of the company was MYR 1,448,000 against earnings per equity holders of the company of MYR 51,000 a year ago. This performance is as a result of increase of project cost due to competitive market and impairment loss on receivables of MYR 600,000 and depreciation of MYR 553,000 for the quarter under review. Loss per basic share was 0.25 sen against earnings per basic share of 0.03 sen a year ago. For the nine moths, the company reported revenue of MYR 35,520,000 against MYR 12,633,000 a year ago. Operating loss was MYR 840,000 against MYR 932,000 a year ago. Loss before tax was MYR 1,360,000 against MYR 1,861,000 a year ago. Loss attributable to equity holders of the company was MYR 1,545,000 against MYR 1,860,000 a year ago. Loss per basic share was 0.27 sen against 0.96 sen a year ago. Net cash used in operating activities was MYR 5,755,000. Purchase of property, plant and equipment was MYR 4,735,000.

Key Alliance Group Berhad will Change its Ticker to KGROUP from DVM

Effective November 20, 2014, Key Alliance Group Berhad will change its Bursa Malaysia stock ticker symbol to KGROUP from DVM.

DVM Technology Bhd has Changed its Name to Key Alliance Group Berhad

On September 25, 2014, DVM Technology Bhd changed its name to Key Alliance Group Berhad.

 

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