Censof Holdings Berhad reported its third-quarter results with a profit before tax of RM3.4 million and PATAMI of RM2.6 million respectively, an improvement of 12.1% and 31.0%, against the RM3.0 million and RM2.0 million generated a year ago. These were achieved on the back of a revenue of RM21.3 million.
The improvement in PBT primarily came from higher profits from the Financial Management Solutions – Government segment with a PBT of RM2.4 million, up by 70.6% year on year, and the contribution from Digital Technology, being the Group’s new business segment, with a PBT of RM0.6 million. Correspondingly, earnings per share worked out to 0.48 sen.
Quarter-on-quarter, PBT was up 13.5%, as compared to the preceding quarter’s RM3.0 million. Similarly, PATAMI rose 25.1%, in comparison to last quarter’s RM2.1 million.
For the cumulative nine months’ period, revenue increased by 18.7% to RM65.2 million from RM55.0 million in the previous year’s corresponding period. Despite the higher revenue, PBT was lower at RM9 million against 9MFY2021’s RM16.2 million. This was mainly due to the recognition of non-recurring gain on disposal and gain on fair value adjustment of short-term investments of RM2.1 million and RM9.4 million respectively. Stripping out the two extraordinary items, 2022 PBT would have been 87.5% higher, in contrast to the 9MFY2021’s adjusted PBT of RM4.8 million.
Censof’s financial position remained healthy with cash and bank balances, including fixed deposit and money market funds of RM27.3 million. Net assets per share attributable to ordinary equity holders of the company was 16.26 sen.
Over the past few months, the Group has undergone various exciting and positive developments. The recent acquisition of the 51% equity stake in Cognitive Consulting Sdn Bhd is to grow the Digital Technology segment.
