IFCA MSC Continues To Transform
IFCA MSC, listed on Bursa’s ACE Market, specialises in providing solutions for enterprises in the property industry, including property development management, construction, human resources and procurement. The Group has offices in Malaysia, China and Indonesia with a current staff strength of about 400 people.
IFCA MSC continues to transform its business with new business models focusing on Proptech solutions and services and improved customer service. For the Financial Year 2017, the company recorded an increase in revenue by 17.9% to about RM 88.8 million from RM 75.4 million in the previous financial year.
The increase in revenue is mainly attributable to the overall improvement in sales contributions from the Malaysia and China markets. Domestic revenue recorded an increase of 16.9% from RM39.0 million to RM45.6 million.
In addition, the Group has a healthy cash flow as indicated by the working capital surplus of RM111.4 million in FY2017.