PETALING JAYA: Censof Holdings Bhd posted a net profit of RM12.7mil (versus a RM74mil net loss a year earlier) for its fourth quarter ended March 31,2021 (4QFY21).
In a Bursa filing, the technology-based solutions provider said this was due to higher sales demand for its subsidiary’s Asian Business Software Solutions Pte Ltd (ABSS) products driven by attractive government grants in Singapore, savings of finance costs by RM660,000 per quarter upon the full settlement of share margin loan from MIDF Amanah Investment Bank Bhd and term loan from Kenanga Investment Bank Bhd in Q2FY21, fast track of project deliverables under the FMS-G (financial management solution – government) segment, and a gain on fair value adjustment of RM6.8mil on short-term investment in associate Dagang Nexchange Bhd.