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Goodwill impairment leads to Silverlake Axis 4Q earnings disappointment for CGS-CIMB

PC Lee
PC Lee8/27/2018 12:28 PM GMT+08  • 3 min read
Goodwill impairment leads to Silverlake Axis 4Q earnings disappointment for CGS-CIMB
SINGAPORE (Aug 27): A larger share of loss from its joint venture and associates saw Silverlake Axis report a 12% fall in 4Q18 core net profit to RM33.8 million ($11.2 million) from a year ago despite higher revenue.
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SINGAPORE (Aug 27): A larger share of loss from its joint venture and associates saw Silverlake Axis report a 12% fall in 4Q18 core net profit to RM33.8 million ($11.2 million) from a year ago despite higher revenue.


See: Silverlake posts 5% lower 4Q earnings of $12.1 mil due to lower other income

In 4Q18 ended June, revenue rose 6% y-o-y to RM145.5 million on higher software licensing revenue from initial delivery of high-value contracts in Malaysia and Thailand as well as more enhancement contracts recognised during the quarter.

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