KUALA LUMPUR (July 6): Sedania Innovator Bhd’s share price gained more than 10% in Bursa Malaysia morning trade today after closing up 30 sen at RM1.06 to hit limit up yesterday.

At 9.53am today, the company's share price had pared gains at RM1.11 after rising as much as 14 sen or 13.21% to RM1.20 so far today.

The counter was one of the most actively traded stocks this morning, with 62.25 million shares traded.

The ACE market-listed technology firm returned to the black for the first quarter ended March 31, 2021 (1QFY21) by achieving a net profit of RM4.21 million, underpinned by positive contributions from its green technology segment and the newly acquired health technology segment.

This was also an all-time-high net profit for the group since its initial public offering (IPO) in 2015.

As a comparison, the group recorded a net loss of RM1.82 million a year ago.

The group’s revenue also jumped more than sixfold to RM17.07 million from RM2.78 million previously.

The group is optimistic about its growth prospects with the inclusion of the health technology segment, which is expected to supplement the group’s existing businesses, and mitigate the risk of relying on its current ongoing businesses.

The group also noted in its earnings filing with Bursa that it remained cautiously optimistic about delivering a positive performance for the financial year ending Dec 31, 2021 (FY21) against a backdrop of challenging uncertainties due to the prolonged Covid-19 pandemic.