Dagang Nexchange Berhad ("DNeX") has delivered considerable results for the full year ended 31 December 2019 ("FY 2019") with revenue mainly driven by its information technology ("IT") and eServices segment.

In FY 2019, the Group recorded RM290.5 million in revenue from RM293.5 million in the financial year ended 31 December 2018 ("FY 2018"). DNeX's FY 2019 profit after tax ("PAT") stood at RM35.5 million as compared to RM51.9 million in FY 2018.

The marginally lower revenue is mainly due to work done on submarine cable installation and repair project in Indonesia, lower progress billings in the Group's system integrator business, and lesser revenue from the Vehicle Entry Permit and Road Charges contract.

However, this was partially offset by the Road to Makkah project, an on-site facilitation and communications connectivity for Malaysian and Indonesian pilgrims project. The Group's Trade Facilitation and eCommerce unit remain strong which records a sustainable annual revenue growth of five per cent.