KUALA LUMPUR, May 19 (Bernama) — Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, announced its financial results for the fourth quarter and full year ended 31 March 2021 (“FY2021”) on 18 May 2021.
For the full year, revenue jumped 12.6% year-on-year to RM87.7 million, as a result of higher contributions from the financial management solutions – government (“FMS – G”) and financial management solutions – commercial and small and medium enterprises (“FMS – C & SME”) business segments. Correspondingly, profit before tax (“PBT”) and profit after tax and minority interests (“PATAMI”) were RM29.8 million and RM26.8 million respectively. The significant improvement in the Group’s earnings in FY2021 were largely due to the higher profit contributions from FMS – G and FMS – C & SME of RM12.1 million and RM5.4 million, an increase by 47.5% and 126.4% respectively, as compared to FY2020. The recognition of a gain on fair value adjustment on short-term investment of approximately RM16.2 million and a gain on disposal of short-term investment of about RM2.1 million were also the positive contributing factors to the Group’s profitability. On the whole, this was a major turnaround in contrast to the loss before tax of RM70.8 million and loss after tax and minority interests of RM72.4 million in FY2020, where a substantial loss was recognised in relation to the divestment of an associate, Dagang NeXchange Berhad’s shares. Basic earnings per share for FY2021 was higher at 5.32 sen, compared to a loss of 14.43 sen in the previous year.
