Censof Holdings Berhad (Censof) recorded a profit before tax (PBT) of RM3.4 million for second quarter results the financial year ending 31 March 2024 (Q2FY2024) in contrast to the loss before tax of RM0.8 million in the preceding quarter.
“This was on the back of a strong revenue of RM25.3 million for the quarter, up by 24% as compared to Q1FYE2024’s RM20.4 million,” it said a statement today (Nov 17).
In its Q2FY2024 results announcement, the technology holdings company also said that all its business divisions, namely the digital technology (DT), wealth management solutions (WMS), financial management solutions – government (FMS – G) and the financial management solutions – commercial & SME, recorded revenue growth by 57.4%, 44.8%, 23.9% and 6.7% respectively.
Year-on-year, the group said Q2FY2024 revenue translates to a growth of 19.6% against Q2FY2023’s RM21.2 million, driven by improvements of the WMS, DT and FMS – G divisions by 57.9%, 44.1% and 15.5% respectively.
“In line with this revenue growth, the group registered a huge increase in PBT by 45.5% as compared to RM2.4 million in Q2FYE2023. The earnings per share improved from 0.21 sen to 0.38 sen for this current quarter,” it added.
Its managing director Ameer Shaik Mydin said he is pleased that Censof has managed to deliver a credible second quarter results as compared to the loss incurred in the last quarter.
“The financial performance for this quarter reflects our steadfast commitment to organically grow our business, particularly in the area of digitalisation.
“The FMS – G remains as our core business, posting a commendable revenue growth of 23.9% given the increase in SAGA maintenance and our GRP solutions,” he said, adding it had added Companies Commission of Malaysia, Amanah Raya Berhad, and Pengurusan Air Pahang Berhad to its clientele base.
Ameer also said the group’s DT division revenue from the robotic process automation business garnered an 87% increase, while its tender wizard platform expanded by 65% due to the increase in subscriptions and clients.
“Similarly, our WMS division has improved tremendously, thanks to the new projects secured under the Unit Trust Management System for Pelaburan Hartanah Berhad (Malaysia) and the Wealth Management System for Bank QNB and CIMB Niaga in Indonesia,” he said.
He added: “The group remains focused on delivering exceptional value through our innovative solutions in the continually evolving technology landscape.”
