Home Capital Results

Silverlake Axis’ 1Q earnings more than double to $11.5 mil on disposal gains

Benjamin Cher
Benjamin Cher11/11/2016 06:57 PM GMT+08  • 2 min read
Silverlake Axis’ 1Q earnings more than double to $11.5 mil on disposal gains
SINGAPORE (Nov 11): Silverlake Axis, the software solutions provider, reported 1Q earnings more than doubled to RM168.6 million ($11.5 million) from a year ago on the back of disposal gains.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 11): Silverlake Axis, the software solutions provider, reported 1Q earnings more than doubled to RM168.6 million ($11.5 million) from a year ago on the back of disposal gains.

Revenue for the quarter dipped 3% to RM 126.7 million on lower contributions from project related licensing and services, as well as lower sales of hardware products.

Other Income for 1QFY17 surged due to RM145.8 million from RM14.1 million on the back of disposal gains of RM143.7 million from 4.5 million shares in Global InfoTech after the expiry of the moratorium period. This was partially offset by lower unrealised forex gains in 1QFY17 due to lower fluctuations of SGD against the US Dollar.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now