KUALA LUMPUR, Feb 9 (Bernama) — Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, announced its third quarter ended 31 December 2020 (“Q3FY2021”) financial results on 8 February 2021, where revenue increased to RM23.7 million, from RM16.7 million in the corresponding quarter last year. The profit before tax (“PBT”) rose from RM0.6 million to RM3.0 million while the profit after tax and minority interests (“PATAMI”) was at RM2.0 million as compared to a loss of RM83,000 in the preceding year. Correspondingly, the basic earnings per share improved to 0.40 sen from a loss of 0.02 sen.
The revenue growth primarily came from higher project deliverables under the Financial Management Solutions – Government segment and contributions from the Financial Management Solutions – Commercial & Small Medium Enterprises (“SME”) segment, arising from the higher demand for Asian Business Software Solutions Pte Ltd’s (“ABSS”) products and revenue from the Netsense Group, which was acquired in January 2020.