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Silverlake Axis FY15 Net Profit Up 14%
Daily Bulletin | 25 August 2015
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Silverlake Axis announced a 13.6 percent rise in FY15 net profit as turnover inched up 3.1 percent.

Revenue increased due to higher contribution from maintenance and enhancement services and insurance processing while gross profit gained 9.9 percent as gross profit margin improved 4 percentage points due to the change in revenue mix.

The group’s performance was further boosted by the recognition of an accounting gain of Rm19.2 million on dilution of interest in an associate, Global InfoTech.

Silverlake Axis  0.510 -0.010 -1.92%   
Business: Provides software solutions & svcs. [FY18 Turnover] Maintenance & enhancement svcs (M&E) (72.7%), software licensing (10.1%), software project svcs (6.7%), insurance processing (5.4%), credit & cards processing (3.4%), sale of software & hardware (1.7%).

Insight: Feb-19, 1H19 revenue jumped 27.8% to RM336.2m due ... Read More


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