KUALA LUMPUR, Nov 11 (Bernama) — Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, reported its second quarter results for the financial year ending 31 March 2022 (“Q2FY2022”) on 10 November 2021.
Censof delivered a Q2FY2022 revenue of RM22.8 million, an increase of 26.6%, as compared to a year ago, which amounted to RM18.0 million. The improvement was mainly attributed to the higher revenue generated from the financial management solutions – government (“FMS – G”) segment as a result of the project milestone deliverables for the “Perolehan Pembangunan Sistem Pelesenan Kenderaan Perdagangan (i-SPKP)” contract, which was awarded to the Group by the Ministry of Transport on 10 March 2021. Notwithstanding the improved revenue, profit after tax and minority interest (“PATAMI”) was lower by 46.8% to RM2.1 million from RM4.0 million in Q2FY2021. The higher PATAMI in Q2FY2021 was primarily due to the recognition of an approximate RM2.1 million non-recurring gain on disposal of the short-term investment in Dagang Nexchange Berhad (“DNeX”).