EA Holdings confident of turnaround in FY17

PUTRAJAYA: ICT business solutions provider EA Holdings Bhd, which is eyeing RM60 million revenue in its current financial year ended March 31, 2017 (FY17), is confident of turning around the company, driven by its strong order book as well as tender book.

"For five consecutive quarters, we recorded a loss. So finally in the first quarter of this year, we made a profit," its CEO Mohammad Sobri Saad told reporters after its AGM here today.

"And I'm confident that we can turn around the company for this (current) financial year," he added.

To date, Sobri said the group is tendering for close to RM60 million worth of jobs involving mainly software solutions and ICT services in government-linked companies (GLCs) as well as financial services sector.

"Out of that, we have closed about RM30 million jobs," he noted.