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Censof Back Profitable For Q1FY25

Business Today ·  Aug 22 10:04

Censof Holdings Berhad announced its first quarter results for the financial year ending 31 March 2025 achieving a 24.8% growth, year-on-year, in revenue to RM25.5 million from Q1FYE2024's RM20.4 million. The growth it said was driven by the robust performance across all segments, with the Wealth Management Solutions segment recording a 34.0% increase in revenue.

The higher Q1FYE2025 enabled the Group to post a profit after tax of RM2.1 million, as compared to a loss after tax of RM1.1 million in Q1FYE2024

The Group's subsidiary, PT Praisindo was the segment's sole revenue contributor, where additional revenue was primarily derived from her clients, namely PT Bank CIMB Niaga TBK (Indonesia) and Pelaburan Hartanah Berhad for its Unit Trust Management System. This is followed by Financial Management Solutions – Government segment's 23.7% revenue improvement, attributed to the increase in SAGA maintenance revenue, while its Digital Technology segment recorded a 23.3%
revenue hike, due to the increased transactions from existing clients for eTender business, and an increase in billable Microsoft Azure Managed Services. The Financial Management Solutions –

Commercial & SME segment in turn, experienced a 9.6% growth, driven by the successful implementation of enterprise resource planning solution projects from Hasilwan Sdn Bhd and HRSB Holdings Sdn Bhd, which were secured in the previous quarter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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