SUBANG JAYA, Monday, July 1 – HeiTech Padu Berhad (HeiTech or the Group) is set to accelerate growth, spearheading its digital transformation across various industries via its holistic digital solutions.
The company aims to be the trusted technology partner integrating its cutting-edge technologies, such as cybersecurity, cloud computing, and artificial intelligence, that customers can rely on to thrive in this digital age and ultimately become a Digital Technology Company by 2030.
Speaking at HeiTech’s virtual 29th Annual General Meeting, Group Managing Director and Group Chief Executive Officer Salmi Nadia Mohd Hilmey said, “We have refined our focus on our core businesses and are delighted with the positive results achieved despite the challenging operating environment. Building on this momentum, we will continue to advance our corporate strategy, transforming HeiTech by further diversifying our product offerings and enhancing the digitalization of our operations.”
“Our journey is about transformation and continuous improvement. We are on a path to becoming a full-service digital technology provider, offering a holistic solution encompassing the entire lifecycle of IT offerings. This journey includes smart city solutions, enterprise services, healthcare technology, energy and power systems, automotive innovations, and defence technologies. We are organising and enhancing our offerings to meet the evolving needs of today’s market and ensure relevance and competitiveness.”
“With our expertise in smart city solutions, we aim to continue making substantial contributions to the development of the country through the Internet of Things (IoT), Artificial Intelligence (AI) and data analytics”, said Salmi Nadia.
“We have evolved from being a system integrator and managed infrastructure provider to being a provider of digital technology products and services. HeiTech has expanded its offerings and market areas via the creation of in-house products and solutions that fit a transactional base and mass market, which includes smart parking solutions, e-know your customers (e-KYC), payment gateways, as well as smart applications for local councils, cooperatives, school management solutions and teaching portals”.
Our smart parking solution, Park Smart Plus (PS+), leverages geolocation technology to provide seamless parking experiences and improve traffic management, energy efficiency, and carbon footprint reduction, while our local council management system, Kolleq, enhances administrative efficiency and service delivery. We aim to develop sustainable, intelligent urban settings by working hand in hand with local governments and other related parties,” she added.
HeiTech recently announced a stronger financial performance in the first quarter ended 31 March 2024 (Q1 2024) compared to the same period last year. For Q1 2024, the Group reported a profit before taxation (“PBT”) of RM501,000 and a profit after taxation (“PAT”) of RM231,000.
This marks a significant improvement compared to the same quarter of the previous year, which saw a loss before taxation of RM3,168,000 and a loss after taxation of RM3,344,000. However, the Group recorded lower revenue of RM61,633,000 for Q1 2024, a decrease of RM9,913,000 from the RM71,546,000 recorded in the same period last year.
The Group remains strong in both the public and private sectors, securing new contracts with the Road Transport Department, Ministry of Domestic Trade and Cost of Living, Ministry of Health, and Inland Revenue Board of Malaysia and an extension of a contract with the Immigration Department of Malaysia. These contracts reflect the Group’s strength in managing large-scale and critical infrastructure projects and demonstrate its ability to deliver comprehensive solutions across various sectors.
“This year marks the 30th anniversary of HeiTech, a significant milestone that highlights our resilience, agility and adaptability over the past three decades. HeiTech has indeed experienced a remarkable journey, facing numerous challenges and emerging stronger each time. This enduring strength has solidified our legacy as a robust and forward-thinking organization. Our unwavering commitment to excellence and innovation has enabled us to seize new growth,” she added.
