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Silverlake posts six-fold increase in 3Q earnings to $128.7 mil on one-off gain

Jude Chan
Jude Chan5/15/2017 6:45 PM GMT+08  • 2 min read
Silverlake posts six-fold increase in 3Q earnings to $128.7 mil on one-off gain
SINGAPORE (May 15): Silverlake Axis saw earnings in the third quarter ended March increase by more than six fold to RM398.4 million ($128.7 million), compared to RM61.5 million a year ago.
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SINGAPORE (May 15): Silverlake Axis saw earnings in the third quarter ended March increase by more than six fold to RM398.4 million ($128.7 million), compared to RM61.5 million a year ago.

This increase was mainly attributed to a one-off gain of RM477.7 million on the disposal of 34.9 million shares in Global InfoTech Co (GIT) during the quarter.

Group revenue in 3Q17 fell 21% to RM124.4 million, from RM157.0 million a year ago.

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